I need to park $100k in my 401k to an investment option that is very stable, and I will need those dollars in the next 2 years. However, there are very limited options within my 401k as it relates to a stable/fixed income fund. Currently I have the $100k in the Interest Income fund and it had a rate of return of 2.42% last year. I'm thinking about moving those dollars to the Balanced/Blended Fund within my 401k. Approximately 45% of the fund's assets are invested in U.S bonds, 45% in U.S. stocks and 10% in international stocks. The fund had a rate of return of 15.11% last year. The fund follows the following benchmark: 45% Bloomberg U.S. Aggregate Bond Index, 35% S&P 500, 10% Russell Small Cap Completeness Index, and 10% MSCI EAFE Index.
My goal is to get more growth than what I'm getting from the Interest Income fund while being conversative as possible. I'm not able to rollover to a T-IRA yet. Would love to hear your recommendations.
My goal is to get more growth than what I'm getting from the Interest Income fund while being conversative as possible. I'm not able to rollover to a T-IRA yet. Would love to hear your recommendations.