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Investment funds will offer a cash investment option. This invests in currencies. Along with government bonds it's considered low growth low risk investment. N
by nextweek2 11y ago
Investment funds will offer a cash investment option. This invests in currencies. Along with government bonds it's considered low growth low risk investment.
Nobody would advocate actually withdrawing from an investment account. Just move it to safer investment options.
- WalterBright 11y agoMoving it incurs capital gains taxes. Even if you passively invest in a mutual fund, the funds internal transactions show up as capital gains that get reported to the IRS, and you have to pay the tax.
- spinchange 11y agoNot if it is in a tax deferred retirement account: there are no cap gains incurred by reallocating or NAV distributions unless there's an actual cash withdrawal. This is specific to 401ks & traditional IRAs only.
- hueving 11y agoYou are woefully misinformed. I hope you have not been keeping money in a particular 401k fund because you thought you couldn't change the allocation without paying taxes...