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Reply to "Anyone taking money out of stocks and into savings?"
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[quote=Anonymous][quote=Anonymous]My only money in the market is my 401(k). I’m a few years from retirement and wondering if I should shift some of the stock funds (however, most of my funds are balanced funds) into money market funds as we approach the debt ceiling. I can’t just go to a regular savings account without having to cash them in at a higher tax rate while still working. [/quote] I would. If you are young or middle aged, your investment horizon is 10+ years and stocks will beat cash over that time window almost everytime. You are a few years out of from needing the money and we have entered a time period where can might out perform stocks for the next few years. Timing the market is hard because you need to know when to get out and when to get back in. In your case you only need to know when to get out and that you have to get out, at least for a portion of your investment, in the next few years.[/quote]
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