Categories: Mind & Soul

14 Cons of Retirement That Nobody Talks About and Their Solutions

Solution: Don’t Stash All of Your Savings in a 401k

The best way to avoid having to take required minimum distributions that you don’t need is to save in different types of accounts rather than just a 401k or IRA, Geary said. For example, you could stash some of your savings in a Roth IRA, which isn’t subject to required minimum distributions. If you have a Roth 401k, you could convert it to a Roth IRA when you retire, Geary said.

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A.S.

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