Welcome! | Ask A Question

 
 
 
 
Question

Asked 12/5/2008

My husband is 46 and has lost about half of his 401k. Should we take everything left and invest in a money market or CD?

My husband has decreased his contribution in his 401k because we need the extra money know. The stock market has taken almost half of what he has contributed. I am a full time student and not working. I will graduate in the Spring of 2010. We are afraid that he will lose everything. Should we withdraw the rest and roll it over in a CD, money market, or roth Ira, and will we be penalized for it?

 
 
 
 
 
Answer This Question Now

Type your Answer in the box below and post your answer.

Learn more about how this works

 
 
 

Related Questions (Ask a New Question)

 
I am 49 years old and my 401k went from 53k to 41 in a year, should i put my money in a money market till the crisis is over

I am 49 years old and got a late start on the 401 k. i was up to 53k and lost about 9k in the recent crash. i have transferred my money to a money market for now. i am wondering if that was a good idea and get back in when things stable out. i have about 15 more years of work left and not sure if...

See Answers

 
Can my former employer "bad boy" me?

I left my former employer in 2007. i received a letter saying they are holding my 401k for 7 years because i went to work for the competition. is this legal? i have lost a lot of money in the account over the last three years due to the stocks they invest in. futhermore, i dont even get a statement...

See Answers

 
I lost track of my 401k account about 10-15 years ago,v how can i find where my money is?

The most i remenber is when i left my employer i did not take anything,nor money or information or any kind of paper work (sheraton hotels) and i rmenber i had 1 or 2 thousand dollars in my account, i 've lost track of my 401k and never had another account, and had no money deducted from any other...

See Answers

 
Related Questions

I am 49 years old and my 401k went from 53k to 41 in a year, should i put my money in a money market till the crisis is over


I am 49 years old and got a late start on the 401 k. i was up to 53k and lost about 9k in...

 

Can my former employer "bad boy" me?


I left my former employer in 2007. i received a letter saying they are holding my 401k for...

 

I lost track of my 401k account about 10-15 years ago,v how can i find where my money is?


The most i remenber is when i left my employer i did not take anything,nor money or information...

 

Should i invest my guaranteed money of $6,000 into the market since it is hopefully close to the bottom?


I am 38 years old and have about $35,000 in my 401k account. i have about $6,000(17% allocation)...

 

Can my employer force me to put my 401k funds into risky stocks instead of an insured savings account?


My new employer, who took over on federal contract from my old employer, is forcing me to...

 

My husband signed off on my 401k does he get half of the money


My husband signed off on my 401k now we are seperated does he get half the money im retired

 
 

See more 401k questions

 
 
 
 
 

Ask A Question

Ask a new question about
401k: