Ask Terry Questions Retirement Advice

Retirement Advice

By Terry Savage on April 06, 2024 | Financial Planning / Retirement

I’m 68+ and think I’m ready to retire. I have 375k in 401k . Thinking of rollover ? Do I go Roth ? Leaning towards Edward Jones for financial planner. They told me I should be able to retire and not touch the 401k . ?

Terry Says

Well, that’s NOT the approach I would take!
First, you can retire whenever you’re ready. But you’ve come this far, so please don’t take SS until you’re age 70. It will make a big difference inthe long run. Use other money first.

Of course, brokerage firms want ALL your assets, that’s their motivation, so they won’t give you this good advice generally.

I think this is the perfect time to connect with a FEE-ONLY FIDUCIARY financial advisor who puts your interests first. I always recommend getting matched through Wealthramp, which connects you to carefully vetted, fee-only fiduciaries.
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