From Yahoo Finance: 2025-06-29 04:45:00

Suze Orman advised against converting a $1.6 million pretax 401(k) into a Roth IRA. She emphasized the tax implications of moving funds from a tax-deferred account to a tax-free account. Orman highlighted the financial pitfalls of shuffling accounts, urging caution in retirement planning.

Orman emphasized the importance of early savings for long-term wealth generation. She advocated for Roth IRAs due to their tax-free withdrawal benefits. Additionally, she recommended investing in stable assets like gold for retirement planning, citing its historical value increase over the last century and significant tax advantages.

Investing in a gold IRA allows for diversification and tax benefits. Companies offer free rollovers or metals upon purchase. Consider additional asset classes like real estate for a resilient portfolio. Platforms like Homeshares and Arrived offer opportunities to invest in residential properties with varying investment amounts.

First National Realty Partners (FNRP) provides opportunities for accredited investors to diversify through commercial properties leased by national brands like Whole Foods and Walmart. With Triple Net leases, investors can own a share of essential goods properties without worrying about tenant costs cutting into returns. Start browsing available properties with a minimum investment of $50,000.

Get the best of Moneywise sent straight to your inbox every week for free. Subscribe now to stay informed. This article is for informational purposes only and does not constitute financial advice.



Read more at Yahoo Finance: Suze Orman explained on her podcast why a retiree’s $1.6 million 401(k) rollover plan would backfire