401K — should I cash it out
I am 65 years old, turn 66 at the end of June, planning to retire at the beginning of 2027. Should I close out my 401K and put it in savings or money market account?
Terry Says
Don’t close it out! YOu’ll pay taxes. But DO roll it over!
Read this: https://www.terrysavage.com/rollover-now/
Once you do the rollover, you can put it in a government money market mutual fund. That will keep it safe from loss.
