Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.' Should I Withdraw My Money and Invest in CDs?

Yo 73 desire for some stability is completely r the last few years ould be careful not to move too quickly in search of it.

Instead, I would encourage you to find a balance that allows you to get the best of all worlds.

If you withdraw your entire 401(k) in a single year, it's likely that a large po Archie of that balance will be taxed at the highest rates.

The tax hit now could significantly reduce the odds of your money lasting as long as you need it to.

If you don't have a financial advisor yet, finding one doesn't have to be hard.

SmartAsset's free tool matches you with up to three vetted financial advisors who serve your area.

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