Need assistance with retirement plan.

[Perry]

The wife and I both have a Mutual of America retirement plans through our place of employment and my understanding of the options they offer is limited. I would like to turn our retirement plans into a hedge against the dollar and need assistance in deciphering what is available.

Any help in this area would be greatly appreciated as the funds and other options available are completely Greek to me.

[cubical]

Look for a gold/silver fund and an international fund.

[Perry]

Currently 100% in the international fund. Don't see anything with gold/silver title or I would have looked at them. Part of the trouble is that the titles for each fund are garbldeegook and the definitions of each are frequently greek.

[brandon]

You could ask for a brokerage account that would let you pick individual stocks, but you probably don't really want to do that. Why don't you post a few of the funds here and maybe we can help decipher what they are?

[Perry]

You could ask for a brokerage account that would let you pick individual stocks, but you probably don't really want to do that. Why don't you post a few of the funds here and maybe we can help decipher what they are?

Well that's actually a fantastic idea if it's possible. I daytraded for years and know stocks. Is this something that is normally done for retirement accounts?

Here's a list of funds. http://www.mutualofamerica.com/produ...invest_alt.asp

[Jordan]

Those funds suck. Tell your parents they need to ask about a "brokerage window" through their 401k.

Also, put at least .0001% of their assets in each of those target-date retirement funds. Those things suck, and I have a feeling there will be widespread class-action lawsuits against the managing firms in the future. Put in a $1, you might get $50 back after a class action suit! 5000% return!!!!!!!!!!!

[cubical]

Those funds suck. Tell your parents they need to ask about a "brokerage window" through their 401k.

Also, put at least .0001% of their assets in each of those target-date retirement funds. Those things suck, and I have a feeling there will be widespread class-action lawsuits against the managing firms in the future. Put in a $1, you might get $50 back after a class action suit! 5000% return!!!!!!!!!!!

How could these companies afford to pay $50 for every $1 they manage?