Ask Terry Questions 401K rollover

401K rollover

By Terry Savage on October 31, 2023 | Investments

I have a 401K with work through fidelity. I’m retiring in about a year. Do I need to roll it over into something else or can I draw from it?

Terry Says

Please read this article. There are good reasons to do a rollover when you retire. An IRA offers a wider choice of more conservative funds, which might be more appropriate for a retiree. A 40l(k) tends to have growth funds, suitable for younger investors.



a personal
finance question