The only way a Rollover IRA would be taxed would be if you withdrew some of the money. Did you?My first question is now that's its safely in the retirement account and cleared for investing does it need to be invested immediately or otherwise be taxed? I am certain I've read and learned it does not have to be but of course it should be. But I want to be certain, Uncle Sam does not need more of my well earned $$.
My second question is perhaps a bit of preference and strategy one but is it advisable to invest the entire amount at once? Or should I hold it and buy on the dips? Again this might be more a strategic and preference question. It's north of 125k so investing all of it makes me nervous, but it's no different if it was left in the old 401k fund I suppose.
As for the second question, wasn't it all invested before the rollover? If so, then investing it all now puts you in the same place you were. Holding cash and waiting for dips turns you into a market timer. Don't be a market timer, it seldom works out how you'd hope.
Regards,
Statistics: Posted by retired@50 — Wed Jan 22, 2025 4:13 pm