Do you REALLY have $1.23 million inside a 40l(k)? Or is it an IRA??
When you have money in a 40l(k) you can only choose from the investments offered inside the plan! If you’re no longer working for the company, you could do a rollover to an IRA and have a better choice of investments. Read this:
You’ve given me absolutely no information about your situation, so I cant advise on investments. But with that kind of money — over $2 million at stake — I think you need a session with a FEE-ONLY financial advisor who is NOT trying to sell you something, but can look over your entire financial situation — now and for the future — putting your interests first.
Here’s how to find one.