Hi, y’all. New poster, longtime passive investor.
So, I forgot that I had a retirement account still existing with an employer I left a few years ago. I just filed to get all of it distributed to me for use in other types of investments.
At the moment, thanks to the CARES Act, you don’t pay early distribution fees if you take out up to $100K. I am not taking out much, but I am liquidating an account that pays very low interest that I was forced to sign on to by my employer at the time.
So…is anybody else doing this? Tell me about what better investments you might be turning your poorly-performing retirement funds toward.