Traditional IRA Balance declining
I have about 35K (declining daily) left in my traditional IRA “2025 Retirement diversified mix” account that I rolled over from retirement funds. I’ve made withdrawals to purchase rental property. I’m 58 years old, retired 4 years, I get a decent state pension. Most or all of the IRA funds are monies I saved and rolled over. Should I cash out the IRA balance today or try to move it all to a Money Market? I heard 10% IRS early withdrawal is lifted for now.
Terry Says
There’s no reason to take money OUT of your IRA. Just invest more conservatively. Surely you have a choice of a money market fund option at your IRA custodian. Do that.
And I hope you collect rent from your rental investments!
