IRA’s and risk in mutual fund
I’m 69 and my husband is 77. I’m so worried about the plunging stock market and we hate to panic but at this stage of our lives should we move our 2 IRA’s & a mutual fund to IRA CD’s or some other way at our FDIC bank
Ty in advance for any help you could provide.
Terry Says
Yes, it’s not too late to move a part, perhaps as much as half, to a money market mutual fund INSIDE your IRA — so you don’t have to pay taxes.
You could get whipsawed –if the tariffs come off and the market rallies. But at least you’ll sleep better knowing that half your money is safe from losses.
