im sorry im of no help on this aspect but just welcome to the forum and congrats to ur marriage. chahinemm
If you're saving weekly and plan on spending the money in a year on a house, then you probably need to be most concerned about security. Stocks, especially stock in an employer may not be the best bet. Since you are saving money each week its not as if the opportunity cost is big if the money is kept in cash. Plus you get a 100% that the money will be there exactly when you need.
The general rule is if you are investing for the short term than invest in short term Govt bonds or some sort of money market. By saying that you are afraid of losing the money for the house means you are not willing to take on much risk. So equity securities (stocks) is not the thing for this type of investment. you might want to look into a CD. you can still beat a regular savings account. but just figure out how much money you are going to need in a year than figure out (considering the interest you will make on a low risk short term investment) how much you need to stash away each month. Dont cut back on your 401K if you dont have to.
Thanks for your help! I have since went ahead and quit investing in the company stock. It probably is safer for right now. I am going to check about the loan on the 401k. I do not plan on lowering my 401k contributions for sure. Thanks again. Travis Schwinn
can u tell me what is the 401 k pls thnx chahine