Tips for managing your IRA and securing retirement at age 60
From Yahoo Finance: 2025-03-25 07:30:00
If you’re 60 and worried about managing your IRA, you’re not alone. 55.5 million U.S. households have IRAs. The flexibility of IRAs can be a blessing or a curse. Avoid early withdrawals, missing RMDs, and investing in the wrong assets. Follow the Rule of 110 to determine your stock allocation.
To secure your retirement, consider maxing out contributions, choosing the right IRA (traditional or Roth), and possibly doing a Roth conversion. Regularly rebalance your portfolio and seek advice from a financial adviser. Avoid costly mistakes and ensure financial stability for your retirement.