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I am disabled now what do I do with my 401k?

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Category:Financial Advisor

Original Post

@jimcramer

Hi Jim,

Many people work for years and then find out that they have a medical condition that forces them into disability. All during the time they worked they had a 401k setup through their employer and they contributed. Now that they are no longer working they still want their money to grow. I watch your show regularly and you always say to map your investment strategy to an investment vehicle that mirrors the S&P 500. Is that correct? Many or most 401k investments (Fidelity) do not offer a vehicle that mirrors the S&P 500. Should I move my money into an IRA and then look for an investment that mirrors the S&P 500? Can you suggest a fund or two like you have suggested?

Thank you,

Holly in California

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