Comments on: Year End Retirement Plan Moves

By: Ryan

Ryan — Tue, 03 Mar 2009 00:40:27 +0000

Diane:
I would recommend holding the course – you have 11 years, and our economy and the world economy will be a different place by then. Selling your holdings now will only lock in your losses and not give you a chance to earn back your losses.

As for the IRA, there isn’t going to be much difference from your 401k. They are both only retirement vehicles. It’s where you put your money (which investments you buy) inside those vehicles that matter. You can probably purchase very similar holdings in your 401k to what you could buy in an IRA.

I plan on riding out the storm and hope that my holdings increase in value in the coming decade.

By: Diane

Diane — Mon, 02 Mar 2009 23:47:02 +0000

I retire in 11 years. My 401k is losing rapidly. I am in a 2020 plan. Should I hold the course or switch to an IRA?

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By: stephen roland

stephen roland — Mon, 08 Dec 2008 02:31:24 +0000

This is extremely sound advice!

The best thing you can do right now is put money in to your retirement funds!

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