Proven Tips for Managing an IRA or 401K

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Doug Goldstein July 1, 2021

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Managing retirement funds doesn’t need to be confusing or overwhelming. Rolling over a 401K into an IRA (individual retirement account) frequently makes it easier for the client.

I am often asked for tips on what investments should be inside of an IRA account. Here’s what I tell folks:

  • Depending on your situation, you can have stocks, bonds, ETFS, mutual funds in the account
  • High-dividend positions may be tax advantageous
  • Tax-deferred growth is a positive… unless your stock drops in value and you lose the opportunity for a write-off

Don’t forget to make sure you take your required minimum distributions as required to avoid penalty payments.

For other tips on how to invest and manage your IRA accounts, listen now!

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