As the title says Mom is beneficiary to Dad’s 401k. The forced action is to either transfer to their IRA, an IRA of our choosing, or cash out. Obviously keeping it in an IRA to avoid the tax as she doesn’t need the cash. It’s Empower, their rate is a flat .89% annual with no hidden fees. I’ve heard folks like Fidelity and Schwab. Which IRA is the most appealing for Mom? What would you do?
Submitted May 21, 2024 at 10:46PM by CapeTownMassive https://ift.tt/ol05byL
