Ask Terry Questions Selling funds in IRA

Selling funds in IRA

By Terry Savage on December 17, 2023 | Investments

My IRA is at the highest amount ever. I am 71. Should I sell it and put in money market, treasury bills under my IRS.Traditional/IRA

Thank you

Terry Says

I think you have reached the age where you should scale down risk. You are likely no longer contributing, and will soon have to start taking money out.
Now, I write this as the stock market is at an all-time high! But still, good planning dictates that you move some money (maybe 25-30%) out of stocks and into a money market fund inside your IRA.



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