So I recently inherited about $100k from a relative in the form of a 401k. I feel very overwhelmed at the moment about what to do with this money. It appears I will have to pay the 10% additional penalty when I withdraw. I will not be 59 and a 1/2 before the 10 years is up on this account. Any advice on what to do? My first thought was to just withdraw the money, though I see I've earned about $1300 over the past few weeks, so I'm not so sure. I know it will not maintain this level of return, but I suppose if I just left it, I would have a lot more 10 years from now, no? Should I hire a financial planner? How do I even find a good one? Thanks in advance!
EDIT: I should clarify this was NOT a spouse. The person was not over 73 and was not close to 73 at the time of death.
Submitted March 29, 2024 at 09:22PM by mmmcheesecake2016 https://ift.tt/xFznMD6
