I have about $25000 in mutual fund ira. Am already retired. Should I transfer money to insured account?

Why?

The gains on your IRA are tax free or tax defered. If you transfer it to a bank account and it is a traditional IRA, it is taxable income. Add $25,000 to your current income, and see what tax bracket you will have.

If it is a Traditional IRA and therefore taxable, I would put it in a fund that pays large dividends and have the dividends paid out to you directly, as the taxes on dividends have been lowered. Check with a tax expert though.

If i where you i would because what could happen.

if all you are worried about is safety you can pick a money market fund if you want, but just stick with a nice mutual fund

hard to say really without knowing the rest of your situation, is this all your retirement money?

EDIT: yada, mutual funds are NOT insured

First off, your mutual fund IRA should already be insured.

IF for some reason it is not, you can always move your IRA to a brokerage firm where your assets there ARE insured IF for some reason they are not now. That way you don't incur any changes to your tax position.

Hope that helps!

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