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Question about Changing my 401K Investment Options?
for the past 2.5 years I have invested in a plan that was based on my retirement date and lost a LOT of money. So I have recently switched my NEW allocations to a bond and here are the stats for it.
Cur Nav 3 mos YTD 1 YR 5 YR 10YR Inception Retn As of
$10.01 6.50% 0.59% 1.76% 4.82% 5.89% 6.18% 1/31/2009
My "old" fund stats are here:
$5.86 -11.92% -7.93% -41.66% NA NA -9.54% 1/31/2009
I'm no financial expert but since I have upped my contributions to 10% seems like the "bond" is ganing VS losing.
Was this a good move?
1 Answer
- Anonymous1 decade agoFavorite Answer
Stocks are at their lowest prices right now. I would have kept my allocation the same, especially if you have a while before retirement.
Now if you're closer to retirement, this was as good move.