Do you have a 401K?

[AbbeyA]

If you have a retirement fund, what are you doing with it now? DH and I have 401k plans with former employees that are both invested in mutual funds. Given the uncertainty of the economy and the unpredictable nature of the market, we are considering moving them into into cash IRA accounts.

Any thoughts? What are you doing with your retirement plans?

[banca rotta]

This is a hard one. If you move it to cash you will be safe from the coming stock market crash. I don't know when it's coming or what will trigger it or how much it crashes, but it will crash unfortunately.

If you hold cash for too long the coming hyperinflation will wipe it out.

I'm not sure how much good investment advice you will get off of a bk forum, but what I do is look at the whole picture such as the national debt, the aging population that will need a larger state funded health care system and the younger folks with six figure college debt that won't have the disposable income (assuming they have income) to keep this thing going.

Who's going to buy all the stocks and other assets as the baby boomers retire or get forced out of their jobs? How much will our taxes go up to pay off the state and federal debts, pensions, and all the unfunded liabilities?

How will governments keep rolling over their debts?

The best thing for you to do is research all these problems and maybe you will find the answer.

Good question and good luck!

[AbbeyA]

I appreciate the response ... I know, it is a tough call to figure out what to do. I'm pretty certain we will move them into cash IRA's, but I'm curious what other people are doing. You didn't answer the question .... what are you doing with your retirement fund if you have one?

I'm in the camp that things are going to continue tank ...

[Meatstick]

I have a 401k plan and a defined pension plan. The 401k I put in the standard 6% which is matched by my employer. The last two years has been a wild ride but I just plan to sit tight with the 401k as you can really play hell moving funds around trying to time bear/bull markets.

I have to agree with banca rotta that it appears we are headed for another crash that will be worse then '08. You just can't have the government keep spending like drunken sailors and expect the ""free market economy" to do its job.

[banca rotta]

I have a 401k plan and a defined pension plan. The 401k I put in the standard 6% which is matched by my employer. The last two years has been a wild ride but I just plan to sit tight with the 401k as you can really play hell moving funds around trying to time bear/bull markets.

I have to agree with banca rotta that it appears we are headed for another crash that will be worse then '08. You just can't have the government keep spending like drunken sailors and expect the ""free market economy" to do its job.

The free market economy works just fine and if we really had one as we thought we did we wouldn't have these problems.

The govt is keeping the free markets from working.

[jjim120]

The "free market" economy works as long as there are consistent rules and regulations that are followed. There is a vast difference between a "free-wheeling" economy without any rules that allows corruption to flourish and a free market economy that sets reasonable and enforceable rules to allow businesses to grow and develop without being exploited by a corrupt legal system.
As far as the 401K, due to the theft and destruction of our businesses by an unethical bank and corrupt lawyers who ran a con game to steal a valuable property, we have transferred the small amount in that 401K to a tax-deferred annuity. The biggest issue is to make sure that whatever you do with it, you make sure it is not subject to tax when you transfer it.