I am currently enrolled in a Wells Fargo retirement plan?

I would like to move my investments into the safest fund they have. Any suggestions??

Public Comments

1. Have you considered your mattress?
2. Why would you want to move them into the safest investment? The market is at a down point, but unless you are already retired, let it go. You're should be throwing more money in and getting shares at a lower price. Therefore, when the market goes back up in 6 months or a year, as it will, you'll be doing very well for yourself. If you still are going to keep with the 'safest' area, get into CD's at your local bank and stop paying Wells Fargo money for your investments.
3. Where are you in relation to retirement? Unless you are retired and have been for a long time, you should not be in the "safest" investment they have. You will likely ;ose value due to inflation and lasckluster returns.
4. The safest fund in Wells Fargo's retirement plan is the "Stable Value" fund. This is equivalent to a money market fund, but as an institutional fund, the yield will be slightly higher than a money market fund. You can expect long term performance of around 5%, and the principal is virtually guaranteed...all very high quality guaranteed paper with AA or higher ratings. Now, of course, over the long term, this fund won't provide you much growth over inflation. If you have many year until retirement, you should have a constant mix of stock and bond funds, not make sudden market timing moves, and simply rebalance a couple times a year, trimming your weighting to funds that have gone up, and using the money to add to funds that have gone down, maintaining constant proportions. For example, if you have at least 10 years until retirement, you might look at a 55% stock, 45% bond portfolio. If you have 20 years or more, you might have a 70% stock, 30% bond allocation. I promise you, you will not be able to successfully time the market, and you will have better long term performance by maintaining a long term allocation. The only reason to have a big chunk of your money in the Stable Value fund, or even the short term bond fund, is if you are getting very close to retirement.
5. If no one at the bank is willing to help you figure that out than you need to switch banks. Ask them for a conservative mutual fund to move your money. BEFORE YOU DO THAT, you should really talk with someone that really knows what they're doing and has your best interest at heart to educate you because if you are younger, you may want to be more aggressive with your money. You may have to accept fluctuations in the value of your retirement plan but in the long term you can almost definitely expect to see more growth. I am in banking and am licensed to trade investments and help clients with this stuff all the time so feel free to email me if you have any further questions!
6. Unless you are nearly at retirement age, the "safest" investments will also yield the lowest long-term return and therefore hurt you. You need to balance return with risk by following a "moderate" investment profile.