Managing your 401(k) in retirement every bit as important as managing it up to that point.
There are plenty of reasons for this but the big one is, you’re going to need this money for a long time. With good health and good luck, you could spend almost as much time in retirement as you did at work.
So, in a very real way, allocating and growing this wealth will become your new job. But taxes, required minimum distributions and other obstacles can get in the way. Familiarizing yourself with the rules can help you sustain your 401(k) as long as possible.
Talk to a financial advisor today for personal advice for your retirement accounts.
Leaving Your Employer Lets You Restructure Your Account
Perhaps the most immediate issue is that retirement triggers what the IRS calls a ”separation.” This simply means that you have left your employer for some reason, whether it’s retirement, layoffs, resignation or anything else.
A separation allows you to change how and where you keep your money, and you…
2023-11-28 07:00:00
Source from finance.yahoo.com