Hey All,
I moved jobs and my previous job was contributing to my 401k. Now, my new job does not contribute so I am NOT currently contributing this particular 401k. (the one in question). I've already lost a few thousand since the new year in it. And it is now just sitting there in Fidelity.
I am really thinking things are gonna go south.
So, instead of withdrawing the monies and taking the tax hit - should I just move the monies into a money market?
Your thoughts are appreciated.
Edit: Thinking of moving it here, which didn't show much loss at all during last recession
Managed Income Portfolio II Class 1
Bond/Managed Income Stable Value
(04/20/1993 7 day yield as of 12/31/2015 1.39% )
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