Quote:
Originally Posted by BigRedChief
I’m pulling out all my 401K money out of the stock market. Going to just put it in FDIC CD’s. No gambling for me from now on. If the $ collapses, we and the whole world are ****ed.
CD’s I can always get to. We stagger them so if we have an emergency we can pull that money out without losing the interest money.
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I don't feel like I'm there yet. I had all my money in TSP and cd's up until 3.5 years ago when I got tired of making 0.1%. Got a financial advisor and I've averaged almost 7% since Feb 21 even through Covid. I told him to go conservative but he got me around 14% last year and I'm up over 11% this year. With my retirement, SS and a couple of part-time jobs I do mostly for fun and to keep me busy, I haven't to touch it yet.