401K is too aggressive
Terry,
I’ve been retired now for 4 years and have kept my money in the Fedelity 401K plan through my employer.
The plan has investments in stocks which has had wide swings up and down. I’ve lost 25K in December and I’m concerned about that. Should I move away from stocks into something that will have less risk but realize it will may less upside?
Terry Says
In order to access more conservative investment choices, you should do a direct ROLLOVER to an IRA. Fidelity will help you do that. Then you can choose among other more conservative funds, including perhaps a money market fund for a part of your investments.
Remember, 40lo(k) investments are designed for younger workers who have a longer time horizon. That’s why I almost always advice doing a rollover directly upon retirement.
