Hi all, my mom is retiring this year and has 100k in her 401k (not amazing but her salary is like 30k so not terrible either).
She and I (her son) know very little about finances, but she wanted to me to find out where best she could keep her money once she retires.
I spoke with the 401k company and they said she could keep the money with them but could no longer contribute (and I don’t remember if she’s allowed to change the way it’s invested, I think that was a yes..).
Where else could she keep it? I know that’s probably a dumb question on here, but I really don’t know much. I think someone has mentioned IRAs before? Im happy to do some reading if you can put point me in the right direction!
Thank you in advance!
Submitted July 05, 2021 at 11:46PM by oopsididit321 https://ift.tt/3ArXj0N
