My rate of return now is 4.5 and it is in a safe investment mode now.
2007-06-06 06:49:56 · 4 answers · asked by pandy62 2 in Business & Finance ➔ Personal Finance
Wait until you retire....BTW your rate is awfully low. There are many banks now that offer +5% APY on just Savings accounts. (e.g. E*trade) After you retire you should talk to a financial Advisor and get that rate up.... 10-12%
2007-06-06 06:56:05 · answer #1 · answered by Levi 2 · 0⤊ 0⤋
No hurry if you're happy with what you have now. You might not even have to transfer it when you retire - many plans let you keep the money in.
One thing though - if you're just 62, unless you have a couple million saved, you might want to put PART of the 401K in something that will give you some growth.
2007-06-06 13:56:58 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You should meet with a financial advisor as this is an improtant part of your future.
2007-06-06 13:58:32 · answer #3 · answered by Tiffany P 2 · 0⤊ 0⤋
If your money is in the hands of a stockbroker, I suggest you move it to your bank and put it in savings or a CD.
I left money in stocks when I left a company and the money immediately lost 60%. They're nice to you while you are investing, and rob you blind when the investments stop.
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KrazyKyngeKorny (Krazy, not stupid)
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2007-06-06 14:01:44 · answer #4 · answered by krazykyngekorny 4 · 0⤊ 1⤋