How Do I Choose the Right Investments in My 401(k)?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 22 September 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.8	Craig is in Miami.
0:15.3	Hey, Craig.
0:15.8	How are you?
0:16.6	I'm well.
0:17.3	Yourself?
0:17.8	Better than I deserve.
0:19.0	What's up?
0:19.7	I have a question about, I'm almost 59 years old, and I have a question about investing my 401K.
0:26.1	I'm currently unemployed, and I have 401K, and I'm wanting to know at that age how you do that.
0:34.7	Do you invest in mutual funds or ETFs, or is there something else I should be considering?
0:39.0	Okay. Why are you unemployed?
0:41.4	I was laid off about a year ago.
0:43.8	What are you going to do?
0:45.1	I'll get another job. I was taking some time and I had a couple of health issues and I decided to take care of myself instead for a while.
0:51.9	Okay. When do you start the new one?
1:11.5	I haven't got one yet. Oh, okay. When do you plan to start it? Soon. Okay. As in 10 years or 10 months? Less than 10 months, probably in the next three months or so. Okay. All right. Just trying to get a finger on that. Because it might matter.
1:13.4	You might need this money to eat.
1:13.7	Yes.
1:15.8	And it's a different answer.
1:23.0	If you don't need the money to eat, you would take your old 401k and you would roll it to an IRA.
	...

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