Managing Your Financial Future

How To Set Up Your 401k Distributions As You Approach Retirement- Season 7: Episode 12

November 30, 2021

If you’ve been saving for a long time in your 401k, you may have decided as you approach retirement that you’d like to reallocate some of those investments into something less volatile than, say, an aggressive growth fund. So maybe you change your allocation to include something with relative safety.  This can be a great idea: after all, you don’t want a big market downturn to take a huge chunk out of your savings right when you need it. But as you reallocate, you may also want to consider changing how you contribute your new money. 

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The information provided is based on current laws, which are subject to change at any time. Lucia Capital Group is not affiliated with or endorsed by the Social Security Administration or any government agency. Social Security rules can be complex. For more information about Social Security benefits, visit the SSA website at www.ssa.gov, or call (800) 772-1213 to speak with an SSA representative.