I am 62 and plan to retire in Jan of 08. Should I transfer some of if not all of my 401k Now or after retire

My rate of return now is 4.5 and it is in a safe investment mode now.

Wait until you retire....BTW your rate is awfully low. There are many banks now that offer +5% APY on just Savings accounts. (e.g. E*trade) After you retire you should talk to a financial Advisor and get that rate up.... 10-12%

No hurry if you're happy with what you have now. You might not even have to transfer it when you retire - many plans let you keep the money in.

One thing though - if you're just 62, unless you have a couple million saved, you might want to put PART of the 401K in something that will give you some growth.

You should meet with a financial advisor as this is an improtant part of your future.

If your money is in the hands of a stockbroker, I suggest you move it to your bank and put it in savings or a CD.

I left money in stocks when I left a company and the money immediately lost 60%. They're nice to you while you are investing, and rob you blind when the investments stop.
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KrazyKyngeKorny (Krazy, not stupid)
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