Retired 62-year-old's 401(k) vs. IRA dilemma
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retirement planningSmartAsset
•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
Informative language
59
Neutral language
51
Article tone
informal
Language
English
Language complexity
44
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not offensive
Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
long-living
External references
15
Source diversity
3
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