Wells Fargo Retirement 401k
Retirees are concerned about what to do with their 401(k)s left at their places of employment when they retired. They may have seen those retirement accounts drop in value since their retirement date. Another group wondering what to do with old 401(k)s is workers who have been laid-off. They may have left behind retirement accounts that, like retirees, they are concerned about. Not only are these ex-employees concerned about the value of their 401(k)s, but they are also concerned about whether their former companies are stable.
You should not move money from your 401(k) when the value of your investments has dropped unless it is absolutely necessary or there is evidence the value may drop further and stay down for a long period of time. However, if you are a retiree, you may need to tap money from your 401(k) for living expenses or medical bills. The same is true if you have recently been laid off.
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