Greetings,
Question is not for me but rather its for my mother.
My father died in 2020, he has a 401k with a 2025 target fund valued over 100k. I am finally helping her with the transfer, my first question is which route would be best for her is she is currently 58, can I help her open an Inherited IRA with a place like Fidelity and transfer to that? I think that option has the best benefits, from what I can understand.
Second question, regarding portfolio selection, my current personal 401k is 100% FXIAX, it's been a wonderful performance so far, Im thinking maybe she could do the same, Im just worried that it might be a bit too volatile for such a close retirement, I want to make sure she can grow the money as much as she can, what suggestions do you have in this regard, go significantly more conservative?
Submitted October 26, 2024 at 11:52PM by InvisibleCat https://ift.tt/6xz2ZPQ
