401k
Hi terry, Im 54 and have around 45,000 in my 401k(I also have a pension worth about 1100 a month if I retire at 65). My 401 is in tech stocks. I want to move it to something safe. What do you recommend? Thanks john
Terry Says
In every 40l(k) plan there is a “safe” option — typically called a “stable value fund.” That’s where you should move to minimize risk. If you don’t see either a money market fund or a stable value fund, or a very short-term bond fund, consult with your HR department and tell them that by not having some option like this they are putting your retirement in jeopardy!
