My parents are retiring with just $210k and never invested their money - what's the safest move for their nest egg?
Briefly

from 24/7 Wall St.5 days ago
A Redditor is worried about his parents' retirement planning as his father prepares to withdraw $210,000 from his workplace retirement account upon retiring. The father intends to transfer the funds to a bank or investing firm, but the Redditor fears they lack the knowledge to make informed investment decisions. To secure their retirement, it is advised that the father performs a rollover into an IRA, thus avoiding taxes on the withdrawal and allowing for potential growth of the funds through better investment options.
The poster is very concerned about his parents' retirement prospects and wants to ensure they secure their future with proper investments before it's too late.
24/7 Wall St.https://247wallst.com/personal-finance/2025/04/02/my-parents-are-retiring-with-just-210k-and-never-invested-their-money-whats-the-safest-move-for-their-nest-egg/
It's important for the Redditor's dad to determine his strategy for the $210K from his workplace retirement account, ideally through a rollover to avoid taxes.
24/7 Wall St.https://247wallst.com/personal-finance/2025/04/02/my-parents-are-retiring-with-just-210k-and-never-invested-their-money-whats-the-safest-move-for-their-nest-egg/
Read at 24/7 Wall St.
#retirement-planning #investment-strategy #financial-advisor #taxation #family-finance
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