New answers tagged 401k
3
votes
Quotes for funds in my Fidelity-managed 401(k)?
Depending on how you define public...
Quicken can download 401(k) account data from Fidelity, including current share counts and values. Other financial apps may or may not be able to do this; haven't ...
- 37k
1
vote
Should I rollover my Fidelity 401(k) to a Vanguard IRA?
No, you almost certainly should not rollover your 401(k) into an IRA, if your 401(k) has low-cost investment options that meet your needs.
Two big reasons:
If you go bankrupt (or get sued for all ...
- 141
0
votes
Did I give the right advice to my father about his 401k being down?
Seems overall good, but the best advice for someone stuck in this mode of thinking is is "change the delivery address for your retirement account statements to someone who will throw them in the ...
6
votes
Did I give the right advice to my father about his 401k being down?
One thing to clarify (it's not really "wrong" but misunderstood) - DCA is not a strategy. It's a natural effect of contributing to retirement or other investment accounts periodically, like, ...
- 124k
8
votes
Did I give the right advice to my father about his 401k being down?
Did I say anything erroneous?
Technically, the US isn't currently in a recession (yet) although a lot of investors expect one some time in 2023/2024 but nobody knows for sure if/when that will happen....
- 7,604
14
votes
Accepted
Did I give the right advice to my father about his 401k being down?
Did I say anything erroneous?
I personally don't know if that was a good idea or not. I said its
hard to predict the market and buying and selling within one year
might result in higher taxes. Its ...
- 126k
2
votes
How to 'recession-proof' a 401k (least risky investments)?
Minimize Expenses, Bond Funds
The easiest way to "Recession Proof" a 401k is to minimize what you take out of it during the Recession. The S&P 500 recovered from the 2008 crash by 2012 - ...
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1
vote
pending recession: keep money in 401k or savings account?
Actually, if you are in the phase where you are drawing down the 401k (and/or other investments), it's worth considering keeping six months to a year's worth living expenses in cash or cash equialent. ...
- 37k
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