I’ve got $250,000 in my retirement plan.
What should I do with it when I retire?
You have choices.
One choice is to do nothing. Just let the money sit there until age 70 1/2, when you must take at least minimum distributions. But, if your account begins to lose money, you’ve made a bad choice.
One choice is to withdraw the money. But if you do, you may pay substantial income taxes.
The wise choice is to roll it over. This way, you can keep your retirement savings invested in a tax-advantaged investment vehicle or individual retirement account (IRA), and have an active say in its destiny.
Don’t put your retirement savings in the bank; don’t let it sit idle or depreciate. Direct your savings into conservative investment accounts that keep your money working for you.
Call me at 818-730-2000, and I’ll show you how you can potentially stretch your retirement money over the length of your life, and invest conservatively to live independently and keep taxes down. What you learn might help you build wealth for a lifetime.
To learn more more about some common mistakes that are made in doing a rollover please request my Free report on the Six Best & Worst IRA Rollover Decisions.
Copyright © 2009 McNeely Financial Strategies, LLC | Securities offered through Raymond James Financial Services, Inc., Member FINRA / SIPC | Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. investors outside of the United States are subject to securities and lax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.