topic 401k vs traditional IRA in Retirement tax questions

401k vs traditional IRA

ri-solano — Wed, 26 Jul 2023 20:15:40 GMT

I have a 401k through my employer. I was advised by a friend to move the investment to a traditional IRA which will make easier and more beneficial once i retire to make monthly withdrawals. Is this a good idea?

Re: 401k vs traditional IRA

JBedford — Wed, 26 Jul 2023 20:18:39 GMT

Hi, @ri-solano , thanks for your question! Unfortunately though, this is not a tax question but an investment question, so I am unable to answer. Please consult with a financial advisor. Thanks, sorry I couldn't be of more help!