IRA’s
We are in our first year of retirement and have accounts with Edward Jones. What can we move our investments into Within that company that would be almost as stable as a bank account during this volatile time? We are not concerned with growth right now we just don’t want to lose any more
Terry Says
YOu can move from stocks or mutual funds into a money market mutual fund with a simple phone call. That may not be the best strategy. If the money is outside a retirement account, you will have to pay taxes on any gains when you do this. Maybe a “half and half” strategy would make sense. Move HALF into a money market fund so you can sleep at night and then let the other half grow for the next 15 years.
