Report post

Should you sell your 401(k)?

The cash might feel safer, because it won't lose, say, 10% of its value overnight -- but it won't gain 10% either, or earn any dividends. 2. You have to time the market to catch the upswing. Selling your 401 (k) investments gives you another responsibility, and that's deciding when to get back into the market.

Should you sell your 401(k) amid recent market shocks?

Retirement savers may be tempted to sell amid recent market shocks. Experts say it’s best to stay the course instead. But there are other moves you may consider. Days of record market losses may inspire 401 (k) investors to take action. Yet most experts caution against doing just that.

Is selling a 401(k) taxable?

First of all the key age if it applied it would be 59.5 not 65. Selling things within the 401 (k) is not a taxable event. It also isn't a taxable event if interest or dividends are earned withing the 401 (k). When you transfer money outside of the 401 (k) you might have a taxable event.

The World's Leading Crypto Trading Platform

Get my welcome gifts