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May 20, 2022
3:58
:32
pm
gwalker
Truly Addicted User
60
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gwalker
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gwalker
Joined
Aug 8, 2001
Last login
Jun 26, 2024
Total posts
55,689 (7,451 FO)
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Messages
Author
Time
Someone I'm close to asked me what she needs to do to liquidate her IRA to stop
gwalker
5/20/22 3:57pm
How old is she?
Indy Coug
5/20/22 3:58pm
60
gwalker
5/20/22 3:58pm
At 60 she could need these funds for 25+ years. Selling and going to cash isn't
Mexicougazul
5/20/22 4:02pm
Penalty goes away at 59 1/2. Taxes do not, unless it is Roth.
Mexicougazul
5/20/22 3:59pm
I would tell her to keep it all in and/or meet with an advisor to know how/where she should rearrange the specific funds
RootieBoy
5/20/22 3:59pm
She doesn’t have to withdraw the money. She can just sell.
allaboutthegainz
5/20/22 3:59pm
Although, that’s still not a good decision if she doesn’t need the money for the
allaboutthegainz
5/20/22 4:00pm
Liquidating her IRA (converting equity to cash/bonds) differs from withdrawing
BYU'01
5/20/22 4:02pm
Classic case of buy high sell low.
Cougarclaw
5/20/22 4:03pm
Wouldn’t say no matter what. I wish I had emptied 20k out of my 401k at the beginning of the week and put it in iBonds
greatbam
5/20/22 4:10pm
In March/April 2008 everyone's deferred compensation accounts at my office lost half their value. I was at lunch with
Smack'sWife
5/20/22 4:14pm
She needs someone who knows a bit about stocks to
I'mBatman
5/20/22 4:19pm
Someone with her sophistication should be 100% in a broad index fund. Nobody
BYU'01
5/20/22 4:25pm
Yes but that index fund could be heavily invested
I'mBatman
5/20/22 4:35pm
“Broad index” = representative sample of total stock market; no single industry
BYU'01
5/20/22 4:41pm
Look at some high dividend stocks rather than liquidating. At 60 she should be
jvquarterback
5/20/22 4:21pm
RE: Someone I'm close to asked me what she needs to do to liquidate her IRA to
hedge50
5/20/22 4:50pm
If she doesn't need the money until 65+ there's no need to withdraw or even sell
NOCAL_YFAN
5/20/22 5:53pm
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