save cash or invest in a retirement account?
I am 65 and have 2 IRA retirement accounts from previous employers. The 2030 and 2025 target funds have been losing ground during this financial episode. Should I keep cash $20K on-hand, or funnel it into these target funds right now?
Terry Says
Well, first of all, you can’t make a “contribution” to a retirement account unless you have earned income. But, cash is paying 5% right now, so I’d opt for some “chicken money” on the sidelines!
Read this: https://www.terrysavage.com/t-bills-beat-cds/
