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Originally Posted by AVGWarhawk
Hence my guestion. I already invest conservatively in my 401k. I can't move it anywhere other than in different funds or cash out. It is still out there and can take a hit. There is not much moving one can do to protect against loss. Maybe minimize loss but certainly always a risk. The real issue with 401k is possibly new legislation that reduces the amount one can put in the account. This frees up taxable income. Nice huh? Plus, raising the tax when money is taken for retirement. Honestly, we get screwed by taxes no matter what we spend or save. It is a crock of crap watching these stuffed shirts play for weeks on end with our daily lives and our retirement lives to come concerning taxes. The entire lot suck.
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The risk is there, Americans lost billions in 401 savings the first year the housing market, bank fiasco crash. Those in high risk really took a hit.
Even when you have your money in high risk, the powers that be that invest your money can choose what risky stocks they will purchase, you can win or lose... I lost about 3 years gain in one year, about 60 K...that hurt. Obvious I would've moved it, but again, I only get that choice once a year.