Help with finance....

saden1 · 01-24-2007, 03:09 PM

Typically you can park your money with the current 401k provider, you just can't contribute to it any more. If they won't let him do that then he should talk to a financial adviser about rolling over his funds to a less risky investments. BTW, he has to start withdrawing from his 401K by age 70 1/2. In any case, if he is of retirement age he shouldn't under any circumstance take risks with his money.

p.s. I have heard MassMutual is great at this sort of thing.

01-24-2007, 03:09 PM	#6
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 46 Posts: 10,069	Re: Help with finance.... Typically you can park your money with the current 401k provider, you just can't contribute to it any more. If they won't let him do that then he should talk to a financial adviser about rolling over his funds to a less risky investments. BTW, he has to start withdrawing from his 401K by age 70 1/2. In any case, if he is of retirement age he shouldn't under any circumstance take risks with his money. p.s. I have heard MassMutual is great at this sort of thing. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

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Help with finance....

Parking Lot