Ask Terry Questions Investment Portfolio

Investment Portfolio

By Terry Savage on March 19, 2023 | Investments

Is this a good time to convert to cash in my 401(k) in the event the debt ceiling is not raised timely?

Terry Says

If the debt ceiling is not increased, there will be bigger issues. Stick with your investment plan, and I’m assuming you have about 20years to go until retirement. If less number of years, then see if there is a money market alternative INSIDE your plan. If you are over 55, put 20% in the MM inside your plan. If over 62, make it 30%.
If there is no MM fund in the plan, check for a “stable value” alternative in the plan.



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