what would you suggest for investments any reputable for stable ?hybrid annuities? any help would be appreciated! i do mean any i am leaving my company april 30 ,2015 i am 62 yrs of age.thanks terry my risk tolerance is ok ? any info is fiine i dont want to leave my money with the monthly in case of losing it even with pbgc i have known too many people ending up on the food lines through company bankruptcy! thanks terry hope you have any suggestions,gary
Terry Says: OK, the first thing you need to do is a rollover. The second thing you need to do is create a financial plan for both investing and withdrawals. I would suggest contacting T. Rowe Price at www.Troweprice.com, because they have a terrific service to help you answer both those questions. (Or you can roll to Fidelity and Vanguard, which have similar services.)
BUT, do you really want to/have to retire at age 62? Can you live on savings and wait about 4 years to take Social Security? I recommend waiting until full retirement age at 66+ before taking Social Security. It’s very costly to start early, and penalizes any other earnings you might have. That’s something you can discuss with the planners at T. Rowe Price — but do it BEFORE you actually retire!