Congratulations! You have just retired with $1.4 million dollars in your 401(k) plan. You will be receiving a fairly large Social Security check and you have adequate personal savings outside of your 401(k) to live on for several years
You don't want to lock up your retirement money into an annuity because you want to be flexible for the future. What would be your best option?
A) Purchase an early withdrawal annuity.
B) Roll over the balance into a qualified IRA account.
C) Hire a Certified Financial Planner for investing advice.
D) All of the above are correct.
E) Only B and C are correct.
Answer: E
Business
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