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Retirement crisis looms as Americans struggle to save
(www.cnn.com)
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this post was submitted on 02 Apr 2024
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401k plans aren't usually the place to do exotic investing. Most offer at least one fund matching the S&P 500 or total stock market, another covering the total bond market, then usually a mix of small cap, mid cap, growth, and income funds.
Realistically you only need some funds moderately solid in your 401k while you're employed there. As soon as you change jobs, you can roll it over to your own IRA where you have much more control.
It isn't that those companies are publicly traded in the stock market that makes them "too big too fail" all at the same time, its that the stock market also overlaps with the huge majority of GDP generating commerce in the USA. If the stock market is failing (the whole thing at the same time) then the US economy is failing.