Literally just started a 401k because my company offered to match it. I suspect Biden will crash my state's economy by banning oil production around 2025-30 and ICE cars around 2030-35. Would that wipe out 401k?
Put your money in the money market or bond funds in your 401k. Stay away from the Equity funds especially the S&P index funds, that's my two cents. Take advantage of the employer match.
This. At least get out of equity until we see what direction this is all headed, even though I believe its going down under our dumbass fake president.
Literally just started a 401k because my company offered to match it. I suspect Biden will crash my state's economy by banning oil production around 2025-30 and ICE cars around 2030-35. Would that wipe out 401k?
Put your money in the money market or bond funds in your 401k. Stay away from the Equity funds especially the S&P index funds, that's my two cents. Take advantage of the employer match.
This. At least get out of equity until we see what direction this is all headed, even though I believe its going down under our dumbass fake president.
Depends what your 401k is invested in