R. Kenner French and Deborah Woodruff discuss a case study involving a client who is two years away from retirement and is uncertain about managing their 401k. They explore various options for rolling over the 401k into an IRA, the importance of conservative investing as retirement approaches, and the significance of asset allocation in retirement planning.

The discussion emphasizes the need for a solid retirement plan and the flexibility to adjust investment strategies based on market conditions and personal confidence.

Takeaways

• The client is two years away from retirement and nervous about the economy.

• Rolling over a 401k to an IRA can be tax neutral.

• Investors should be more conservative as they approach retirement.

• IRA is a tax-deferred strategy, not an investment itself.

• Asset allocation is crucial for retirement planning.

• Short-term investors should avoid aggressive investments.

• Lifestyle funds adjust their investment strategy as retirement approaches.

• Regularly revisiting the retirement plan is essential.

• A solid plan helps guide investment decisions over time.

• Without a plan, investors risk poor outcomes in retirement.

Sound Bites

• He's two years from retirement.

• IRA is a banner of a congressional act.

• It's not an investment, but it's a banner.

• Without a good plan, you might end up in Texas.

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