I keep up with most of the dumpster fire that is current US news but I’m sorta lost on this one. I contribute to my 401k every week and have a few thousand saved up, as well as stock in the company I work for. Is all of the bad news referring to the stock market crashing? Is this general across the board or more company-specific? I consider myself decently politically educated but not so much economically.
I believe you can let whomever your investor is to invest it in more less aggressive funds or stocks bonds. You might be able to freeze it as well and even the option to invest yourself. But you should call whomever handles it they can probably guide you a bit. But I agree it looks pretty bleek. I’m more concerned with the dollar crashing if we default on the debt. It might all be worthless anyhow.
This is a reason we specifically created social security, its like we have learned absolutely nothing.