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If you haven’t already reallocated your 401K into a safe space, you better get on it

Posted on 1/27/21 at 6:59 pm
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 1/27/21 at 6:59 pm
Seriously
Posted by zephry801
Member since Dec 2017
434 posts
Posted on 1/27/21 at 7:01 pm to
I transferred out of FXAIX two days ago into FSIXX. Looking like a good decision at this point, but willing to accept it if it doesn't work out.
Posted by burger bearcat
Member since Oct 2020
8867 posts
Posted on 1/27/21 at 7:02 pm to
What do you recomend? Sitting dormant isn't safe either
Posted by tigerfan63
cenla.
Member since Aug 2006
1690 posts
Posted on 1/27/21 at 7:07 pm to
I put my balance in safe new york anchor. Growth only like 2.5 percent. Called back today to start my contributions here on out the way it was before with my balance in the safe one. Hope i did right ?
Posted by Bayou
CenLA
Member since Feb 2005
36832 posts
Posted on 1/27/21 at 7:08 pm to
quote:

Sitting dormant isn't safe either

Yes it is!
Posted by ArHog
Muss is a coward
Member since Jan 2008
33071 posts
Posted on 1/27/21 at 7:08 pm to
I cashed out and took the loss and the penalty, far better than losing all my shite
Posted by tigerfan63
cenla.
Member since Aug 2006
1690 posts
Posted on 1/27/21 at 7:08 pm to
What do you reccomend Eli ?
Posted by taylormade
Tumbleton
Member since Jan 2011
9802 posts
Posted on 1/27/21 at 7:09 pm to
What do you suggest quantum leap guy
Posted by CheEngineer
Louisiana
Member since Aug 2019
4234 posts
Posted on 1/27/21 at 7:11 pm to
quote:

quote:
Sitting dormant isn't safe either

Yes it is!


Not really they have just pumped about 30-40% of all US currency into circulation so while your money is sitting it just got devalued by 30-40%
Posted by LSUbest
Coastal Plain
Member since Aug 2007
11141 posts
Posted on 1/27/21 at 7:11 pm to
I moved mine to fixed income.

Why? Are they planning to take our money already?
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 1/27/21 at 7:13 pm to
Any kind of fixed allocation your plan offers.

My plan offers what is basically a 3% fixed income bond.
Posted by EKG
Houston, TX
Member since Jun 2010
44025 posts
Posted on 1/27/21 at 7:15 pm to
Gold.
Bullion coins and gold bars.
Best safety measure for your $ in times of political unrest.

Then keep it here: Texas Bullion Depository
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 1/27/21 at 7:20 pm to
I’ve actually been considering buying bullion, but I don’t know how to go about it.
Posted by phutureisyic
New Orleans
Member since Aug 2016
3370 posts
Posted on 1/27/21 at 7:32 pm to
Took both my 401K’s out before election. Took that money and put it in my walls.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 1/27/21 at 7:34 pm to
You’d be better off with bullion if you know how to do it.

Inflation and ‘money machine go brrrr’ will eat your cash’s value.
Posted by GREENHEAD22
Member since Nov 2009
19608 posts
Posted on 1/27/21 at 7:40 pm to
Penalty? Why didn't you just move it all to the money market account and sit? You literally cashed out?
Posted by GREENHEAD22
Member since Nov 2009
19608 posts
Posted on 1/27/21 at 7:46 pm to
What company is offering 3% fixed bonds?
Posted by SEC. 593
Chicago
Member since Aug 2012
4043 posts
Posted on 1/27/21 at 7:49 pm to
These are the threads that convince me most people don't know anything about Finance.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 1/27/21 at 7:51 pm to
Prudential has a plan specific to my company (Fortune 50).
Posted by moneyg
Member since Jun 2006
56549 posts
Posted on 1/27/21 at 7:54 pm to
quote:

I cashed out and took the loss and the penalty, far better than losing all my shite



If you think they can’t reach into your bank account you are going to be disappointed.
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