prudent_one
Recycles dryer sheets
- Joined
- Jul 30, 2014
- Messages
- 335
My brother is thinking about pulling out of the Stable Value fund in his 401k. He's already transferred everything else out of the 401k to an IRA. He can't get back in if he moves out of it. The SV yield for now is a guaranteed 1.8% and he's attracted to 4% in a money market fund. He's retired, living on SS and withdrawals, no pension. I don't believe he has any real money concerns, my feeling is he saved a lot and he's not a spender.
He is very conservative with risk and has an AA of 30% stock/40% bond/30% cash.
Should he have any concerns about leaving the SV fund for a better return in money market funds? I wanted to say do it right now but as I'm no expert on SV funds I said I would research first.
He is very conservative with risk and has an AA of 30% stock/40% bond/30% cash.
Should he have any concerns about leaving the SV fund for a better return in money market funds? I wanted to say do it right now but as I'm no expert on SV funds I said I would research first.