Profit Sharing rollover
I have 40K in a profit sharing account and turned 65 last year and want to know where is the best place for me to transfer this money to? Thanks!
Terry Says
Read this for instructions on how to do a direct rollover, so you don’t accrue any taxes. (And that assumes your profit-sharing plan is a tax-deferred plan, and the plan documents allow such arollover.) https://www.terrysavage.com/rollover-now/
When it gets to Fidelity or Vanguard, just put it in their government money market fund for a while.
Then start doing some financial planning with someone who is not trying to sell you something.
Read this next: https://www.terrysavage.com/pam-krueger-wealthramp/
