Cref Money Market

I want to spend my money in fidelity 401k retirement account to my new TIAA-CREF.

There are a number of factors here. Generally, you can roll over a retirement account before employers to a new employer or an IRA. The fact that the market is down is a totally different issue. The fact that the market has depreciated has little to do with what you should do. If you are closer to retirement, you probably want to go into investments that preserve more capital and less risk. If you're young, you can grant short-term risks and should continue to invest heavily. Young people are under 45, if you're in your mid to late 50s, you should be in safer investments. That's because you do not have time to recover losses that someone younger does.

Now consider this. You want to move because it's down. You are therefore out of your mutual funds have lost value, and put them in other mutual funds with another company who also lost value. The only difference is that you do not experience losses in the new account. Check the performance of funds in your new plan, I'm sure they have lost value.

I recommend you consult a financial advisor and to be open. Explain your concerns and your goals. What is your age, when do you plan to retire, how do you live in retirement, what other income you expect to have in retirement. All very important factors in planning for your retirement. It will impact how aggressively you should invest.

Good luck!

Simply move a trustee trustee. (TIAA-CREF will know what to do.)

This is assuming that the 401K is your former employer.

Yes, no, maybe so;)