Gold 401K

my 401k advice what to do?

my 401 k is dropping like a rock. should i cash it out
use money for an i.r.a or bonds or gold need good advice
im 64 years old

You are 64? and havent moved most of your investments into save money market funds?

Right now at least 80% of your holdings should be in ultraconservative money market accounts and only 20% should be in stock and bonds.

I can’t tell you what to do. It is so late to fix your 401K and save at least enough of it to have a decent retirement.
The problem is this. If you liquidate your stocks and bond portfolio then you will only get the current market value of these shares and the shares will be sold and are gone.

If you keep the stock and bonds then at least you have a chance that the market will bounce back and since you still have the same amount of shares your retirement portfolio has a better chance to recover.

The last decent opportunity to get “out” of the stock market was around August. Right now the sky is falling and no matter what you do any changes made to your 401K are more likely to hurt you.

“Hyperinflationary nightmare… Buy Gold and Scotch!”