Retirement Savings Phases

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retirement accounts

SmartAsset

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I Have $620k in My 401(k). What Should I Do With It When I Retire?

Summary

Nutrition label

73% Informative

When it comes to retirement savings you have, essentially, three phases: saving, distribution and estate.

Few retirement portfolios exist in a vacuum, so it’s important to take stock of your entire financial profile.

If you have several portfolios, you can leave some alone in retirement to maximize compounding growth.

What kind of assets will you hold, what kind of returns will you seek, and what risks can you manage? A 401(k) might return $ 120,000 in a great year , while actively losing $ 50,000 the next one.

A financial advisor can help you weigh the pros and cons of each option, as well as execute the steps.

Planning for your income will all come down to how you manage your investments.

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

Keep an emergency fund on hand in case you run into unexpected expenses.

SmartAsset AMP helps advisors connect with leads and offers marketing automation solutions so you can spend more time making conversions.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English