People should examine their 401ks to see if there is a true “cash option” anymore.
Many providers have been pressured into removing the cash option and replacing it with Tbills or government bonds as the “safest” vehicle available.
This is a backdoor into the gov’t using your 401k to fund its operations.
And with managed fund 401Ks you can’t be sure pressure won’t be put on the company to increase bond holdings.