Citi stock might go down further for next 2-3 years as Citi still struggles to rebuild itself. Better to Quit now when stocks are good and take your 401K to IRA's.
6 replies (most recent on top)
I think You did not get the point of it
If you have a x-x k on your 401 but do not have a control over it
That could actually be a good idea and good moment to quit and move money to IRA
Because you will gain a control, buy ETF for BTC or gold , whatever...
And you may say SPX to the moon, but why are we here ? Why do so many companies go through layoffs?
Why does Buffet reduce stocks like crazy? >> https://www.dataroma.com/m/holdings.php?m=BRK
why insiders buy/sell ratio is so low >> https://www.secform4.com/insider-buy-sell-ratios#
I know the best would be getting a paper to sign, then severance and unlocking a 401, but not everyone will have such an offer.
So in front of possibly x-x k wipe off from 401, I consider this is a good option and good advice.
Why are people on every layoffs forum trying to convince everyone to quit their jobs?
It's not just this forum, either. LOL!
I agree with OP... but i think we still have a several months before massive selloff
SPX to the moon
Really stupid advice from OP who does not seem to understand how 401Ks work.
Only relevant if you're invested in the Citi stock fund and take investment advice from anonymous message boards filled with disgruntled cranks.