Quote:
Originally Posted by mookiemookie
You have fund choices within your 401k. You can choose to allocate your contributions however you choose within the 401k, be it 10% in the XYZ bond fund, 30% in the stock growth fund, etc.
You may also reallocate your invested dollars as you see fit. You're not taking any money out, so there's no penalties. I simply told the fund manager to liquidate my bond and stock mutual fund holdings and moved them into the money market fund (i.e. "cash") within my 401k. Now they do put restrictions on how much you can move your money around. Most funds will not let you move your money back in within 30 days of a withdrawal, but I'm fine with letting it sit in cash while this whole soap opera plays out. Once a deal gets done, I'll move it back into the funds where I had it invested beforehand.
I guarantee you that one of your fund choices is a money market fund. Put it there. That's pretty much as good as cash.
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Yea, but most only allow 1 or two movements a year. I didn't know any existed that let you move your funds on the fly, but I suspect they exist.