“Couldn’t you just convert it to a simple IRA?” I think so.
I move my funds into a stable value fund with a guaranteed interest. Stable value is great for people who are getting close to retirement. I am still up for the year compared to my coworkers who lost over 10%.
Debating on what to do at 59 1/2.
> Stable value is great for people who are getting close to retirement. I am still up for the year compared to my coworkers who lost over 10%.
Ok. S&P 500 is down 15% this year but that’s after three years of +29, +16, and +27%. The only people burned are those that panic sell or are forced to for expenses in retirement or legally required minimum distributions.
That said, variety may be the spice of life but it’s the safety cushion of saving. Some value, some index fund, some real estate, some metals, no crypto unless you don’t care if you lose it or it goes wild, this sort of thing provides a silver lining to every dark cloud. Similarly not all eggs in one financial company or bank. These days it’s good to have contingency plans for your contingency plans.
https://finasko.com/sp-500-returns/