@SLYKTAX wrote:
But my wife retired almost 10 years ago. She still keeps her 401K with the company which is managed by a financial company. I guess 401K can only invest in mutual fund only. Thanks
Many people, including me, roll their 401(k) into an IRA. With a Schwab IRA, as example, you can invest in almost any type of securities that you want, buy and sell securities at and time, and can make direct money transfers to your bank account at any time. Much more flexible and easier to manage than a 401(k).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
