I survived the cut but I no longer want to invest in cargill or affiliated companies who manage their employee investments. What are my options to transfer those funds into a roth ira that I have independently?
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You can invest your 401k and era however you want that isnt cargill only long term incentive if you have any, after 3 years vested then you can redeem during trading windo. It counts as income so youll need to prepare to pay tax on it when filing your taxes. Invest it however you want from there its yours. I would do it, sp500 fund is better performer by far. Cash out every time you are able.
You can sell your stock during (I think, and assuming USA) quarterly windows; there are limitations on how much of your employer-matched 401k you can move into a self-directed fund. Vanguard can tell you the rules but it will be in finance language—you can engage a financial advisor to help explain your options / execute your plans in plain English. Good luck!
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You can right now change it to 0% and move it to something like the SP500 which outperforms it by miles.
I am not sure if you can convert it while still employed as you will continue to receive more stock quarterly. I’d recommend calling vanguard.
Can I roth convert that into a company outside of vanguard? I want full autonomy of my investments.... past and present.
You may log into vanguard and sell your stock quarterly then and reinvest it how you want to. You’re not forced to hold your stock.
The choices I make every day put a safe product on the market. I didn't choose the position on the commodities market or to loan millions to the most transparently corrupt country in Europe. I do what I do well for whatever amount of time it takes and we put safe products out the door. After that my obligations are complete and I want to use my compensation for that job as I see fit.
It just pi---s me off being a pawn who called out mismanagement from 2018 forward. And the company I trade my time with for a return (paycheck) mismanaged it. As a boots on the ground employee actually producing products to be sold I see little to no compensation or accalades for feeding the machine. I have no interest in seeing retirement funds fall due to poor trading positions.
I'm a very loyal employee and want to keep production running smoothly but I want to hedge against the direction I think poor decisions are leading the company. I'm an active employee left in the wake of poor decisions and I'm willing to bet against those decisions moving forward. Bottom line i want to invest MY money where I see fit from here forward without Vanguard or Cargill deals being stroked
Go work for a more “stable” company then and you will receive stock in that company instead. . It makes no sense to waste your efforts at company you don’t believe will succeed unless you’re not trying to contribute and are just coasting.
Because I know they've stagnated productivity in a highly negative direction. Pay me and let me diversify my interests in more stable companies.
Again that’s only harming you. It would be better for you to work for a company you believe in where you get a paycheck plus increase in stock value. Why would you want to go to work each day betting the company will lose value ?
I've lost faith in 401k in general and would prefer to independently invest my interests elsewhere. How do I make that happen?
essentially i want to bet against them while i earn a paycheck. Their management of this situation will stagnate earnings for several years driving their stock price down. And some of my peers figured out most of their retirement plan is tied to Cargill interests specifically.
Holding Cargill stock allows you to benefit from the value you create. If you don’t want to share in the upside you should leave company and join one you believe in, not sell the stock which only harms you and not company.