How To Set Up Your 401k Distributions As You Approach Retirement
Update: 2021-11-30
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If you've been saving for a long time in your 401k, you may have decided as you approach retirement that you’d like to reallocate some of those investments into something less volatile than, say, an aggressive growth fund. So maybe you change your allocation to include something with relative safety.
This can be a great idea: after all, you don’t want a big market downturn to take a huge chunk out of your savings right when you need it. But as you reallocate, you may also want to consider changing how you contribute your new money.
On this week’s episode of Managing Your Financial Future, podcast host Johnny Dean talks with “Professor” Rick Plum, CFP® about things you should do with your 401k as retirement gets closer.
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