Most passive pensions and retirement funds are invested in the markets, later on in maturity usually shift to T-bills and Government bonds. Some pension funds (like TIAA, which handles something like 50% of non-Federal government retirement funds) are really proactive (actually into GME at this point) and should do well. Some early lifcycle funds are even heavy on crypto.
I think the ones invested heavily in the wider market (old-school index funds) are in trouble. The other ones are relatively safe, but might not keep pace with inflation.
I'm not giving advice, but I'll tell you what I did, personally. I had one retirement plan that was limited to a handful of boomer index funds (tracking Dow, S&P 500, etc.). I moved it all out to another broker under an IRA account that allowed for self-directed investment. That all went into precious metals. I'm confident that will keep my balance safe until the market bottoms out and I buy back in for the upswing.
I understand pensions are a bit different, but at least review (if you can) where your money's sitting and evaluate if you need to adjust (if even possible under your plan).
This is very helpful. Thank you for the info. I will start digging. I know our state does allow for an option to take a lump sum during some window of time annually, I just need to start with finding out where they have the fund invested right now. Again, many thanks for your time.
Most passive pensions and retirement funds are invested in the markets, later on in maturity usually shift to T-bills and Government bonds. Some pension funds (like TIAA, which handles something like 50% of non-Federal government retirement funds) are really proactive (actually into GME at this point) and should do well. Some early lifcycle funds are even heavy on crypto.
I think the ones invested heavily in the wider market (old-school index funds) are in trouble. The other ones are relatively safe, but might not keep pace with inflation.
I'm not giving advice, but I'll tell you what I did, personally. I had one retirement plan that was limited to a handful of boomer index funds (tracking Dow, S&P 500, etc.). I moved it all out to another broker under an IRA account that allowed for self-directed investment. That all went into precious metals. I'm confident that will keep my balance safe until the market bottoms out and I buy back in for the upswing. I understand pensions are a bit different, but at least review (if you can) where your money's sitting and evaluate if you need to adjust (if even possible under your plan).
This is very helpful. Thank you for the info. I will start digging. I know our state does allow for an option to take a lump sum during some window of time annually, I just need to start with finding out where they have the fund invested right now. Again, many thanks for your time.