Hello all,
I am 26 and I am currently contributing to my 401(k) on a regular basis. I get a good employee match and so far my Investment has been doing well. However, I have a couple of concerns:
1) How safe is my 401(k)? Can I lose everything if, let's say the DOW drops 30% or something else happens? Is anything insured in my 401(k)?
2) If rolling over to IRA further down the road, how stable is IRA itself?
What I am ultimately trying to find out is if I can really trust these Investments
I am 26 and I am currently contributing to my 401(k) on a regular basis. I get a good employee match and so far my Investment has been doing well. However, I have a couple of concerns:
1) How safe is my 401(k)? Can I lose everything if, let's say the DOW drops 30% or something else happens? Is anything insured in my 401(k)?
2) If rolling over to IRA further down the road, how stable is IRA itself?
What I am ultimately trying to find out is if I can really trust these Investments