Sorry, I hate to see anyone loose money. I didn't realized you were retired. When I was younger I had no problem with taking risk but now that I am older can't afford to take the risk. Besides I have no idea how to play the markets anymore. Things are just too crazy. Wish you luck in getting your money back.
Whether you can live on it depends on how much money you have in your 401k and your life style. You are at time in your life where you are accumulating wealth so 3.35% is not that attractive to you but for me it is sufficient. During my life time I have live through the crash of 1987 and the great recession and I can not afford anything like that again. The only fear I have is seeing the treasury bills going lower. I wonder how low can they go? Will they ever go negative like the rest of the world. This is something I have not seen in my life and not sure how it will end? Can't see how they can ever raise the interest rates again because that would be a disaster for the government. They are financing the deficit on the backs of the retirees. What happens when that is not enough? Will they take my social security away? Alan Greenspan thinks this is the worse time he has ever seen for the markets and I agree. Stocks haven't performed that well this year and this bull has been running around seven years. How much more can we expect before we have the correction? We have a very good plan which allows people like me to get 3.35% even if it is not insured by the
FDIC. I am very happy with what they give me.
The new rate is 3.35% up from the 3.3%. We are very lucky indeed but for how long? The world seems to want negative rates everywhere so how long we can get anything is in question. The Fed has lost control and we are at the mercy of the world. I get so tired of hearing that stupid #$%$ tell us how the Fed is data dependent. What is the FED going to do? Lower interest rates or give us some more QE? Things do not look good but they could be worse. That HON deal was a real scare to me. I am a fix income guy and HON has nothing. Being put in their plan would be a disaster. Looks like a bad day ahead for the stock market.
I believe UTX will beat big time. Didn't Hayes say the weak dollar and weak China were bad. Well the dollar is stronger and China has stopped going down. That should be good for UTX. Hayes has something to prove because of the HON thing. He will do everything he can to show good numbers. Most important is the Fed is talking tomorrow. These stocks are not trading on earnings but on what the central bankers are doing. Yellen will continue to say what the market wants to hear. No interest rate increase for as far as the eyes can see. The market will like that and stocks will go up including UTX.
The new rate is 3.3% down from the 3.4%. The fed raise rates and what we get goes lower Don't think it matters too much what the fed does anymore. They have lost control of the interest rate market. Think we are lucky to get anything. We are in crazy world where nothing makes sense anymore.
It is always about the bottom line with these companies. That is why we have a government to protect us, right? Remember this when you go to the polls. Electing the same old piece of $h!+ and thinking things will change is stupid. We need people who are not politicians to protect us. The politicians ARE the problem.
Not sure but I would assume it would not change for those already retired. If you are not retired they would somehow have to move you into their plan. Not even sure about how they will do the 401k. I assume our plan would be moved into theirs.
I wasn't aware that UTX had gotten rid of the poison pill they had in place but if that is the case HON should take it to the shareholders. Why wouldn't they? You are correct that if the shares are held by institutions or day traders like KID it is a good deal. It is not good if you believe the stock is worth more than the $108 price offered. Not sure if HON can increase the price much without destroying HON stock. It is not only about Hayes but the board has to go along with the deal. As I understand the deal Hayes will go, the BOD will go, and much of UTX management will go along with the workers. HON will most likely keep it's management and it's workers. The only thing that concerns me is the 401k plan. I like the plan we have and from what I understand HON plan is inferior to ours. If you like the fix income option we have you do not want HON plan.
Just heard from someone on the HON board about their 401k plan. Their fix income option is based on money market rates and can go negative. Doesn't sound like a positive for those in fix income. Hopefully the deal doesn't go through if you like the 3.4% you are getting.
There use to be a 60% match for a certain amount but haven't worked there for 13 years so do not know what it is now. The money market rates are very low now. Sounds lilke you are getting almost nothing.
I am sure they will do a lot of cutting but I am retired. I am concerned about their 401k plan and what kind of returns will they pay for a fix income fund. I currently receive 3.4% and was hoping they have something similar in case the deal goes through. Just looking for information on their 401k plan.
I hate responding to you because you are not living in the real world. If you bought yesterday and looking to catch the dividend you are the only one who will get the dividend. The xdividend date for UTX was Feb 17. How you going to get the dividend if you bought on Feb 24? Just like you received the BP dividend after the canceled the dividend? You should get the facts straight before you post Pinocchio.
I am currently in UTX 401k plan and with the buyout being talked about wondering if anyone could give me information on HON 401k plan. Most likely if the deal goes through we will be moved into the Honeywell plan. I our plan we have a fix income fund which guaranteed insurance contracts paying us 3.4% on our money. Does HON plan having anything like this? Any information on HON plan would be appreciated.
Looks like the market think this HON deal will get done. Glad to see all the longs make money. I am sure KID bought at the right time and will sell before the run is over. Does anyone know if UTX still has a poison pill in place. If that is the case the only way the take deal places is if they can convince Hayes and the board to sell. Another question for the people in the 401k plan is what does this mean for us? When Carrier was acquired by UTX the 401k plan of Carrier was moved to the UTX plan. I am pretty happy with the 4.3% we receive and would hate for that to change. Anyone have any idea what HON 401k consist of?
Do not how you can say the regulators are not a problem. I was there during the HON, GE, UTX takeover fight long ago. These companies were smaller then and the regulators were a problem. Why are they not a problem now?
This is not about shareholder value. It is about management keeping their jobs. At one time management had a poison pill in place to keep things like this from happening. Not sure if it still exist. The only way it happens is if Hayes and the rest of management want it. Not going to be a vote because that is not how the game is played. Honeywell will have to pay these boyz enough money are guarantee them jobs they are happy with.
Hayes and the boyz on the board are not going to give up their money machine. Why would they give up their jobs where they get their bonus and stock options? The stock goes up they get their money, the stock goes down they get their money. They are like KID. They make money no matter what they do. Waiting for $108 is a fools game. Not going to happen. When the dead cat bounce is over and the market starts down it will take UTX with it. China still weak and dollar still strong. Nothing has changed.
Obviously most of the people in our country are like KID living in fantasy land. They believe the stupid politician when they tell us give all the money to the top 1% and they will create jobs. It is not working in our country and the middle class is going away. They will never get it because they are not living in the real world. It could be they have some kind of brain disease that keeps them from seeing things.