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as a financial illiterate stuck with a 401k, what do i do? (moist.catsweat.com)

submitted 1 month ago by [email protected] to c/[email protected]

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as many americans forced to run with a 401k because we dont know any better and its the 'path of least resistance' to a retirement account... what do we do in the face of a dying democracy and economy?

id love to move it to some 'foreign' investments, but is that even a possible option? do i just hope and wait for stability to return at some point in the future or is it hookers and blow time?

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[–] [email protected] 3 points 1 month ago (2 children)

hmmmmmmmmmm i do have a vangaurd account for nonsense/vanity stocks... ill check out VTI. thanks!

ive got ~10 years i can wait for it to come back around.. .thats only 2.5 presidents!

[–] [email protected] 5 points 1 month ago (1 children)

I think that philosophy actually starts to shift their portfolio more to bonds at some point for stability. Maybe read into it

[–] [email protected] 4 points 1 month ago (1 children)

Sure when you get close to retiremet. however don't move too soon as you likely have decades to live and so need to ride it ot.

[–] [email protected] 1 points 1 month ago (1 children)

How close? OP said they’re ten years away

[–] [email protected] 1 points 1 month ago (1 children)

Depends on unknowable factors like how old you will live to.

[–] [email protected] 1 points 1 month ago

You don't know? 103 for me...

[–] [email protected] 4 points 1 month ago

You don’t have to have an account with them to access their index funds :) but that certainly works!

I was wrong, VT is total world https://finance.yahoo.com/quote/VT?p=VT

VTI is US https://finance.yahoo.com/quote/VTI?p=VTI