Don't Let your Retirement sit in Cash

🛑 Stop what you're doing and log into your retirement account(s)! 🛑

👉 Verify you're invested in something other than cash! (I just logged in to check my 401k and confirmed that most of it is in a low-fee total market index, while my IRAs are diversified across various asset class/market cap mutual funds.) 📊 Two of my friends recently discovered their "investments" had been sitting uninvested in their 401k accounts for years! 😱 Don’t let this happen to you—log in and make sure your money is actually working for you.

💼 Whenever a company is acquired, merges, or changes retirement benefit vendors, you might need to take action! Sometimes, your money gets defaulted into a money market fund or even cash (!). 🏦 This might not be ideal for your risk tolerance and time horizon. Current money market rates are around 5%, which might seem attractive if your money is sitting in your account just along for the ride, but consider this:

📈The Dow is up over 15%, NASDAQ up over 17%, and the S&P 500 index has climbed around 18% so far this year. 📈

Log in, verify your investment choices (a mutual or target date fund* are fine), and ensure your money is working for you. 💪

🔄 *Debatable opinion: Target date funds can sometimes have higher fees, but if you're looking for a "set it and forget it" option that adjusts risk as you approach retirement, they're a better choice than sitting in cash. Stepping off my soapbox...

📚 I'm happy to post about the differences between a Traditional and Roth 401k or IRA, but first things first—know where your money is! 🧐 I know where my money goes, and you should, too!

🚀 Stay the course, and don't let your investment accounts sit in cash! 🚀 How about you? Have you checked in on your investments lately? What are your thoughts on target date funds vs. other strategies? Share your opinions and let me know what other financial hot takes you'd like to see! 💬

#LesleysMoneyMatters #Investing #RetirementPlanning #FinancialAdvice #BuyandHold #FinancialPlanning #WealthBuilding #InvestorMindset #Finance #StaytheCourse