Now you are invested in dollars instead of stocks, but the writing is on the wall for the dollar as well. Just wait until all our former allies start dumping their dollar reserves.
You’re cashing out your plan? I admittedly don’t understand how these things work but in any case won’t you lose money? The market will recover eventually
“Moving money to cash equivalents [within the plan]” is not the same as “cashing out [the] plan.” The money is still in the account, just in the cash sweep fund instead of a stock or bond fund.
I moved my 401k from 100% stocks to 100% cash equivalents 3 weeks ago… the writing on the wall was right there
Now you are invested in dollars instead of stocks, but the writing is on the wall for the dollar as well. Just wait until all our former allies start dumping their dollar reserves.
Yeah i hear you. I expect stocks to dip well before the dollar loses its status. I’ll switch again at a (hopefully) good time.
You’re cashing out your plan? I admittedly don’t understand how these things work but in any case won’t you lose money? The market will recover eventually
“Moving money to cash equivalents [within the plan]” is not the same as “cashing out [the] plan.” The money is still in the account, just in the cash sweep fund instead of a stock or bond fund.
A lot of money, not to mention the tax implications.
“The market will recover eventually” is a dangerous mindset.