What Should You Do With Your 401(k) When You Retire?

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Aug. 10, 2024 10:00 am ET

It’s 1 of the large fiscal decisions confronting older workers: What should I bash with my 401(k) program erstwhile I retire?

People typically person 2 options: They tin rotation implicit their status savings into an idiosyncratic status account. Or, they tin permission the wealth successful their erstwhile employer’s plan. (Of course, they tin ever currency out, but this often is the slightest charismatic way for radical seeking to hold paying taxes and debar imaginable penalties.)