Ask Terry Questions rolling over from 401k to ira

rolling over from 401k to ira

By Terry Savage on January 29, 2024 | Financial Planning / Retirement

I have 401k at principle from my employer. I am thinking of rolling over to IRA cd. Who should I consider for IRA cd, who has the best rates?


Terry Says

Well, first, if you’re still employed your plan likely has a rule that says you CANT roll over! If you’re retired or left the company, that’s a different matter.
And second, I’m not sure if you want to put ALL your retirement savings into a CD. That will barely keep up with inflation, and you may be disappointed as rates come down.

So a lot depends on your age, your employment status, and your goals for this money. If you’ll write back with more info I will be happy to get more specific.

Recent Financial Planning / Retirement Questions



a personal
finance question