Retirement investments
Hi Terry, I plan on Retiring in a few months at the end of June or early July 2025.I am concerned about taking the money from my 401k because of the current market swings. Should i leave the money in there or pull out the money? I’m concerned because of the Tariffs President Trump is doing in case the market goes down again. Thank You for your advice.
Terry Says
You can’t take the money OUT Of your 40lk before you retire. And when you DO retire, you don’t want to take the money out, but you DO want to do a direct rollover to Fidelity or Vanguard.
All the money will be rolled as “cash” — no taxes if done correctly –and you can just leave it in a money market fund til things settle down.
Read this for instructions to do the direct rollover when you retire:
https://www.terrysavage.com/rollover-now/
In the meantime, all you can do to protect your retirement assets is to move your money to the most conservative option inside your current 40lk plan. Ask your HR department to guide you on that.
