Does anyone 401k even let them choose what they want to invest in?
I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that’s it.
No options in the portal to do anything else.
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jellygoose@lemmy.ca 4 months ago
I hope your 401K is diversified because this will bring down a lot with its fall.
Rooster326@programming.dev 4 months ago
sugar_in_your_tea@sh.itjust.works 4 months ago
Yup, I have ~15 options. Basically:
- low cost S&P 500, US mid-cap fund, US small-cap fund, and total international funds (all under 0.10% ER)
- 1-2 actively managed options for each of the first bullet point with much higher fees
- 3 bond funds
- a cash fund
- a retirement fund (tons of bonds and cash)
I’m in a mix of the first bullet point.
BanMe@lemmy.world 4 months ago
I have a 403(b) because I work at a university but yes we get to pick between a ton of stock funds but also a handful of blended assets, an invested bond, and a non-invested bond if you really think shit’s gonna go south. My last job did not offer this kind of thing tho.
Blackmist@feddit.uk 4 months ago
If it isn’t diversified, then you’re not investing. You’re gambling.
UnderpantsWeevil@lemmy.world 4 months ago
When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that’s predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.