Merrill is currently handling 401K, and i am very confused about the type of IRA. I'm settled on transferring it to Bofa since i have savings/checking account with them. But I also need extra money since i was laid off a few wks ago. Say i have $120K on 401K, i want to withdraw $20K (I'm 56yo), transfer difference to IRA. but which type, money market, featured, fixed term, flexible? Any advice is appreciated. TY!
original posted by meakatoabsg to r/personalfinance on Mon, 04 Mar 2024 13:11:54 GMT.