Yeah - check this out:Bonds are not necessarily "safe" in an environment of inflation and/or rising interest rates, and both appear potentially to be on the horizon. It's a tough question.
I don't know as I do not have a 401K but the wife does. I will sure help her spend it, lol. Look for things that are going to be hot commodities like the solar and electric stuff IE: cars, housing is not going down at all and precious metals are always a good bet.say your ready to retire and you have a 401k. Do you leave it alone, move the money to the bond type fund? move the money to a annuity type company? jim0
Of course, this is assuming that the government doesn't decide to raid all the accounts to cover their (our) stupid insane debt.... at least I'll always know HKalin is 4 months older than me.... that is a relief! Lol!You guys had me worried I'm 70 and 8 months old and haven't touched any 401k or IRA money. I thought the age changed recently. This is from an IRS site.
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.
It's always good to plan ahead.we haven't retired yet ( I'm 58, wifes 57). if the good lords willing, we will hopefully be ready (ready now) in 3 or 4 years. I listen to the talk radio shows Sunday mornings run by Greenberg financial, trasion wealth, win3 realty etc. And it just got me thinking about retirement and what to do. We do have to get together with a cfp just to wrap our minds around what we are going to be looking at. jim