News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
No, no, I get all that. I’m just trying to understand what is meant by 401k being insured against losses…I didn’t think that was a thing. I thought any investment whether my personal stocks, 401k, or Roth IRA were all subject to “could disappear overnight kthxbye”.
It depends on the assets in your account, but if it’s not something covered by the FDIC, chances are it has coverage from the SEC, FINRA, ERISA, others, or several of these.
https://www.aarp.org/retirement/planning-for-retirement/info-2023/safety-net-protections-for-account-assets.html
You’re the real MVP. Thank you.