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Transfer money out of stock funds and into money market. You'll earn next to nothing on the money but it won't tank when the market drops again. Hopefully.
But...a question for those who understand this stuff better than I do. If he takes stock gains and moves them into MM's, all under the 401k umbrella....will he be susceptable to Capital Gains tax based on his cost basis for those funds? Or, is that true only in non-sheltered accounts?
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Mike
“I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll.
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