Nationwide 457
Planning on retirement next year have about $50’000 in account I could take small monthlong payments or should I cash in. I watch WGN you are great thank you I have alot of questions
Terry Says
There is no reason to “cash in” a retirement plan early. Instead roll it over directly to Fidelity or Vanguard and chose some conservative investments like an equity/income fund, or put some in a money market fund for liquidity and safety. Then only wihtdraw when you need the cash — or when required to do so at age 72. Either Fidelity or Vanguard will handle the direct rollover process very easily. Call with your retirement account info available.
