I am a CFP, take your 401 and your lump in a cash buyout, wait 61 days then divide the money up and buy 1,2, 3 year CD’s (that is called lattering) when the 1 year cd is up cash it take a years worth of living expenses and buy a 3 year with what is left over , then rinse and repeat until the end of your life.
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You list on the tax before you make any money. Wonder how you get your CFA?
I took my money and locked it away in my basement. Safe and sound. Nobody getting to it.
Retired Dec 2022 at 63 yrs old - lump sum and 401K rolled most into an Ira - last year bought some shares of NVIDIA - on paper made $160K - not bad
Roll ut over into t stock Then come back to this site and tell everyone to shut up and get to work.
I was just about to say something about rates but it appears someone else has.
Stocks, and bonds.
then rinse and repeat until the end of your life.
That's a great way to outlive your money.
Yeah good luck with laddering, think about it that's mostly beneficial in an increasing interest rate environment, in a descending interest rate environment that we're heading into for the next few years.., each time you "ladder" you get an even lower rate.
You need a more sophisticated type of ladder, that includes bonds, and dividen stocks, you need to hedge against the descending rates...
“Lattering” eh?
Where should I send my money professor?
A CFP that can’t spell “laddering”??? Great way to instill confidence. I bet you also advise clients to invest in cripto and reets.
Cryptocurrency and get rich.
What a cr-ppy post by cr-ppy self proclaimed CFP.
Way too conservative for me! I prefer better returns with acceptable risk - mostly stock mutual funds. For $ likely needed in next 3 to 5 years, CDs/laddering makes sense though.
Horrible advice
Why wait 61 days? And wouldn’t you be ki-led on the taxes?
lattering???
You mean laddering? You'll forgive me if I don't take your financial advice straight to the bank.