No, you shouldn’t empty your 401k; that’s a huge taxable event.
What you might consider, though, is reallocating the funds within it. For example, I exchanged a big chunk of my US stock market index fund for an international stock index fund a day or so ago.
Wtf? Should I empty my 401k
No, you shouldn’t empty your 401k; that’s a huge taxable event.
What you might consider, though, is reallocating the funds within it. For example, I exchanged a big chunk of my US stock market index fund for an international stock index fund a day or so ago.
This is not financial advice, but trying to time the market is usually not a good idea.
Despite the absolute shitshow that’s going on right now, I don’t expect capitalism to implode. Yet.
Sadly.