I know that people are saying that you should buy those mutual funds which give higher returns. But when my company offers limited number of mutual funds and all are doing bad. What should I do with my 401K investment? I can not move my 401K to other company until I leave my present job. Should I stop contributing to 401K?
Best wishes,
M. Chowdhury
www.amreteckpharma.com
2006-09-11 06:01:09 · 2 answers · asked by M. CHOWDHURY 1 in Business & Finance ➔ Other - Business & Finance
When the market turns down, I move my money to cash. In our case, one of our options is a credit union fund. I leave it there until the market starts turning back up (which should happen after our sep pullback, but we'll see!).
Hope that helps!
2006-09-12 09:05:23 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
There is a way to move your 401(k) money out to an IRA - even if your'e still working for that employer. you will have to pay taxes on it, so you would do it over a series of years, but it can be done. It's not well publicized, but it is legal.
2006-09-11 06:06:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋