Investments at the time
Radio Transcript, 60 seconds, for use during week
of Feb. 25.
This is an Invest Wisely minute brought to you by Iowa State
Consider the investment decisions that will be needed as your
retirement day approaches.
If you have a retirement plan at work, contact your benefits
office at least six months before, to understand your options.
And don’t be hasty.. because once a payout decision is
made it cannot be changed.
To select the right payout option for you, consider your age
and health, investment skills, need for security, tax situation,
and your employer’s economic health.
One possibility may be taking everything in a lump sum. This
will have significant tax consequences. There are several
other options -– including IRAs and lifetime annuities.
Invest Wisely comes from Iowa State University Extension through
a grant from the Investor Protection Trust providing investor
education on the web at investorprotection.org.