The stock market is insanely overpriced and due for a downturn. Maybe the US government will bail them all out again, but already 40 trillion in the hole, probably close to 50 by 2028 even without a crisis, and the indigestion in the bond markets right now, would give me pause in dumping cash into the market now.
It’s also helping to prop up the worst companies in the world. And managers of the funds take a big cut despite not doing better than random choices, or a monkey throwing shit against a list of stocks to choose. Seriously.
Check that your fund allocation is appropriate (e.g. a target-date fund or otherwise 80%+ stocks). It would be an absolute disaster if your money has just been sitting in the cash sweep account this whole time.
Also, up your contribution percentage to max it out.
401k now.
The stock market is insanely overpriced and due for a downturn. Maybe the US government will bail them all out again, but already 40 trillion in the hole, probably close to 50 by 2028 even without a crisis, and the indigestion in the bond markets right now, would give me pause in dumping cash into the market now.
It’s also helping to prop up the worst companies in the world. And managers of the funds take a big cut despite not doing better than random choices, or a monkey throwing shit against a list of stocks to choose. Seriously.
I think I maybe signed up for it when I was 23? I’ll have to look into it again
Check that your fund allocation is appropriate (e.g. a target-date fund or otherwise 80%+ stocks). It would be an absolute disaster if your money has just been sitting in the cash sweep account this whole time.
Also, up your contribution percentage to max it out.
I was a dumbass and withdrew my first one when I changed jobs around age 26. That job had profit sharing too. Such a waste.