Moving Money Amid Market Volatility

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Phil,
It sound like the money was moved into the Reserve Fund, the money market fund that "broke the bank" when Lehman Brothers was allowed to fail. That's not a bond fund, but a money market. The Government stepped in and protected owners of other money market funds, but they didn't make the protection retroactive. They stepped in after this money market fund failed. That's not fair.
My hope is that when the fund returns 97 cents on the dollar, that small investors like me will get 97 cents, plus the 3 cents that TD Ameritrade has promised to donate. What if some investors get 100% and the last to get out get nothing? That is what scares me.

Carrie of IL 8:55AM November 01, 2008

Hmm. I understand that you could not access the money without paying a fee or penalty, since it's in a tax-protected retirement account, but I do not understand why you would not be able to move this money into the investments of your choice. You should be able to do that. Although if you missed out on the stock market of the last couple months then you definitely lucked out.

Kimberly Palmer of 3:59PM October 24, 2008

I did this, rolled my 401K (from a past job) into
a TD Ameritrade IRA Rollover.
My Financial Counselor recommended that I 'park'
the money in a Reserve Management bond fund, which
I did. Currently I cannot move or access any
of this money.

Phil Brooks of FL 3:13PM October 24, 2008