Another Thing I Want To Know…
Who was the idiot who switched my 401(k) last year to a 100% allocation to a managed bond fund? I mean, holy crap. It’s like someone somewhere said, “hmmm, how can we make sure this 401(k) achieves the smallest amount of performance humanly possible? I sure as Hell know I didn’t do this. I suspect whoever did this was the same person who hid my wallet earlier in the week. It’s all of a piece, you know?
(I suspect what happened was that the company administering the 401(k) funds was switched this last year and if we did not express a preference when the switchover happened, the account got knocked into the most conservative option possible. And I can’t remember if I expressed a preference. Bah.)
I called up my 401(k) provider and switched it to the S&P 500 Index fund option, which outperformed the bond fund 3-to-1 in the last year, so that’s taken care now. Now as long as the economy doesn’t entirely stall, I may still be able to retire sometime around age 80. Go, 401(k)! Go!