Retired 62-year-old's 401(k) vs. IRA dilemma
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Business & Economics
Ask an Advisor: I'm Retired. Should I Continue Doing Annual $10K Conversions From My 401(k) to an IRA?
76% Informative
There are many good reasons for rolling over money in a 401(k) to an IRA.
However, keeping the full balance of an IRA in cash may undermine some of the benefits of its tax-deferred growth.
You’ll eventually have to take required minimum distributions (RMDs) from all traditional retirement accounts.
As you near your retirement age, it makes sense to keep a portion of your retirement accounts in low or no-risk assets.
SmartAsset 's free tool matches you with up to three vetted financial advisors who serve your area.
An emergency fund should be liquid — in an account that isn’t at risk of significant fluctuation like the stock market.
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VR Score
67
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59
Neutral language
51
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informal
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English
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44
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long-living
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15
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