401K

Terry Says

I’m assuming you are no longer working for the company that holds your 40lk plans. In that case, please read this column: https://www.terrysavage.com/rollover-now/

You should follow the instructions and do a direct rollover to a place like Fidelity, Vanguard, or Schwab — There you’ll have a wider choice of more conservative investments for retirees. Plan investments inside a 40lk are typically more aggressive because they are intended for younger workers who can take more risk.