Fear the fiscal cliff?? Move 401 ot of the market??
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Fear the fiscal cliff?? Move 401 ot of the market??
Posted by HSV Tigah on 12/9 at 8:51 pm
Had a pretty good year on 401k return and am contemplating pulling my gains out and moving to a stable fund until the eventual debt deal is reached. Anyone else considering moving to a safer alternative until things are more stable?


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Posted by Tmacelroy12 on 12/9 at 9:38 pm to HSV Tigah
Nope, prices will be affected but if you aren't retiring this year, you should be fine.

You still realize taxes for stocks (i.e. capital gains taxes) will increase as well. What is the purpose of you trying to play the market as a safer alternative?



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Posted by NC_Tigah on 12/9 at 9:58 pm to HSV Tigah
quote:

Anyone else considering moving to a safer alternative until things are more stable?
Not in retirement accounts.

Liquidating a ton of CapGains to reset basis though. Repurchasing many almost immediately. Preserving Cap losses where it makes sense. Sucks for taxes this year, but will mitigate tax effects next year.

Key is to unemotionally consider anticipated tax changes, and exactly how they will effect you. For most folks next year, the effects will likely be minor to none. But that may not hold true for long. Most current emphasis is still on revenue.



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Posted by ATL TGR on 12/10 at 10:29 am to NC_Tigah
quote:

Repurchasing many almost immediately


Might want to wait at least 30 days...



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Posted by PlanoPrivateer on 12/10 at 10:42 am to HSV Tigah
I’m in my 60’s and not too far from retirement so my moves are based on that and may not apply to you. Over the last couple of years my wife and my 401k’s have gone up very nicely. Our % of stocks to bonds has risen to an undesirable level even though our new contributions are going 100% to stable value or bond funds. Those new contributions haven’t moved the needle very much for two reasons. One, the new contributions aren’t very significant when compared to the size of the stock funds. And two, the nice stock market increases already mention.

Earlier this year I started taking a set % out of two of my stock funds each month and putting them into a stable value fund with the lowest maturity and duration available within the 401k. I am keeping an eye on interest rates and if they appear to be increasing I might consider moving the funds in the stable value fund to US treasuries.



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Posted by CHSBears on 12/10 at 11:43 am to ATL TGR
Wash Sale rules apply to losses, selling securities with gains this year, and paying this years rate instead of next years. Several individuals I know and myself will be selling and buying the next day.


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Posted by HSV Tigah on 12/10 at 6:45 pm to CHSBears
Was thinking about some market timing. Move my balance to a stable value fund and sit out on the probable drop as we get the last minute deal set? Then buy back in when the eventual deal is reached.


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Posted by tenderfoot tigah on 12/11 at 12:15 pm to ATL TGR
quote:

Might want to wait at least 30 days...



Why?



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