401K to cash close to retirement
Thank you ahead of time! I’m going to retire any day now, however I was thinking of converting 401k to cash to avoid any more losses B4 I go. Good idea bad idea. Every loss hurts! ???? thank you again most grateful!
Terry Says
That depends on your overall financial plan and other assets. And it depends on whether your 40l(k) offers a safe, cash-like option (many don’t).
Read this about rolling over after retirement, knowing you will need some long-term growth given by stocks to offset future inflation.
And this would be a good time to make an appointment with a fee-only FIDUCIARY financial advisor to go over your entire plan for retirement. Read this link.
