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Mr. Editor,
What alternate investments are available for someone with a 401k balance that does not include cashing out early with the associated penalties? Is there a safer segment of the market that a 401K balance can be invested in and what brokers allow investment into that market segment?
Thank you.
I am not a financial expert, but my understanding is that with a 401k you are limited to just a handful of investment options that the investment firm selected for your company. Those may be good, or may not.
Once you leave the company you can move the funds at no penalty into a self directed IRA which then allows you almost unlimited investment options.