[raybbr]

On a side note. I have about 120K in my 401K. I am 50 and have been out of work while in school. My wife makes a pretty good buck as a nurse. I am thinking of taking the money. It's been in the money market since June of '08 so I actually made some money since then. But, I don't see the govt letting anyone keep their money in about four years.

I really see no prospect of future employment. I have two young sons and four really old vehicles. I have been thinking about taking out some of it and putting the rest into another 401K but really can't see where I would put it.

[clintonh8r]

You can’t “put” money into a 401(K) except by payroll deduction.

[Choose Ye This Day]

You would have made more money if you hadn’t gone to cash in June.

You can’t go to another 401k unless you are employed or self-employed. You can roll it to an Individual Retirement Account. Depending on where you roll it, you can have a diversified portfolio of funds or low-cost ETFs, in a variety of stocks, bonds, commodities, real estate, etc.

[VA Voter]

Don’t remove your money from the 401 unless you roll it over into an IRA. You can keep in in money market if you like but I suggest you put it in either a treasury money market or in FDIC money market. There are other options later but you should protect your principal first.

[VA Voter]

The way your post is phrased, you are not a sophisicated financial investor. Nearly all financial advisors are salemen or women first and fiduciaries second (or third). Trust is critical.

I know advisors who sell only anuities and believe in them completely. There are others (like me) who wouldn’t touch them with a 10 ft poll.

You are looking for someone who is not committed to one asset allocation but professes to preserve and grow captial in both bull and bear markets.

They don’t have to be the most perfect market timers but if they can preserve your capital during the coming massive market pullback, then they will have earned their fee.

Good luck. Everyone will need it.