This make no sense to me. How do you do this?
depends on who your account is with.......
He means to rebalance your 401(k) account to invest primarily in money market funds. Per the Labor Dept's guidelines for investment choices, you should have at least one.
There's another article that was posted earlier, in which a guy who claims to have predicted the dot.com collapse is getting nervous. He doesn't have much faith in money market funds, and his financial advisor has convinced him that the inflation-protected treasury bonds (also known as TIPS) are the answer.
There are bond funds that specialize in these, and you might have one in your 401(k). I have half my 401(k) assets in one, and the other half in a corporate bond fund. You may think that's too conservative, but I have long-term equity investments in other accounts (i.e. Roth IRA) to balance it out.
security?
for/against what?
Do you intend to pay your way into your grave or live life into the grave?
I don't think there is any money making plans worth having (I'm no financial wizard ... if anything, I wouldn't listen to my own financial advice ...)
You can live quite well in an out of the way piece of flyover, with good friends and likeminded neighbors, growing food, making wine and smoking pot all from your own doing.
If you're youngish (30-40) .. look for that piece of paradise and buy it ... dig a well, install sewage, then pull a Timothy Leary ... tune out, drop out and have a good life.
If you want to live in a burb ... IMO ... you'll never make it work as a Conservative without serious compromises .... and that would be madness