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Message
re: Stopping the 401k bleeding. Long
Posted on 3/1/23 at 12:18 pm to JBM210
Posted on 3/1/23 at 12:18 pm to JBM210
quote:
Don’t have a ton in my 401 k but was hoping to keep what I have for retirement.
Sounds like your risk tolerance is at "zero" right now. Usually it is best to go to money market funds when that's the case until you can figure out the next step. The good news is money market funds are paying around 4.5% +/-.
1
Posted on 3/1/23 at 7:46 pm to CajunTiger92
quote:
Sounds like your risk tolerance is at "zero" right now. Usually it is best to go to money market funds when that's the case until you can figure out the next step. The good news is money market funds are paying around 4.5% +/-.
Going to money market funds when your risk tolerance is zero after you’ve already lost 20-30% is why most people are woeful at making money in their 401ks.
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