• grue@lemmy.world
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      2 days ago

      No, you shouldn’t empty your 401k; that’s a huge taxable event.

      What you might consider, though, is reallocating the funds within it. For example, I exchanged a big chunk of my US stock market index fund for an international stock index fund a day or so ago.

        • grue@lemmy.world
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          2 days ago

          In my case, VTSAX -> VTIAX. But obviously it varies depending on what funds are available to you, your particular investment goals, etc. Also, trying to time the market is often regarded as a fool’s errand; the only reason I even considered it is the extraordinary circumstance regarding systemic and sovereign risk going on in the US right now.