Finance

2355 readers

2 users here now

Economic and financial news from around the world, including cryptocurrency and blockchain.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago

MODERATORS

[email protected]

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]

28 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[–] [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...