I'm intrigued by this. What are the tax implications of shifting the whole shebang into money market? When do you pay the taxes, at the time of withdrawal from the MM fund?

I'd like to get out from under the required minimum distribution if I could somehow.

how much can change
in one year

You mention expenses.. are you in back loaded fund or group of funds? If so, I suggest, she takes a step back and figure out why she is in those funds in the first place.

If its a 401k or IRA- if you transfer from fund family to fund family and still keep the same classification ( 401 or IRA) there is no penalty. But it must be a direct rollover no check to her and then she makes the change in wher she wants her money to be parked.

Where is she getting her guidance - are they getting a commission on their products? May I suggest you look at Vanguard family of funds/ investments. In general they are the least expensive vehicles for your money. If her comfort zone is parking the money in a CD or passbook savings, remember any institution is only FDIC insured for 250K.

I think the deal is if you have an IRA at someplace like Vanguard, Fidelity, etc... you can have your money in pretty much any type of account that they have, whether that be mutual funds, equities, money market, etc....

So the money is still in the IRA, just not invested in stocks, ETFs, mutual funds....

Thank you.

SP 500 broke below 4300 today..better start thinking about running like he11...

Yesterday Jamie boy Dimon said the USA is thinking about defaulting on it's debt...

Yesterday a Market Watch article REITERATED exactly the same thing that I have been saying for years.. The FED can not stop inflation for fear of collapsing the economy and debt markets.. The article said that with a diplomatic settlement wirh Russia over the Ukraine...the global economy has 2 to 5 years before the debt becomes a WMD.

Jeremy Grantham says 45% correction Equities.

Drunkenmiller.. Is saying about the same thing..

Schiff...almost word for word of what I have been saying for years..

Mahoney...ditto above.

The voices of Doom are going from the Gold bugs up the food chain to the main stream investment guys...like Dimon...

WELL THINK ABOUT WHAT THE RAMIFICATIONS WILL BE IF THE USA DEFAULTS ON IT'S DEBT...Answer is that you will be FORCED to have not only an attitude adjustment but a lifestyle adjustment...a permanent one.

If the pillar of the Global economy should default on it's debt the Global economy will collapse. There is no other possibility.

PS Save for God or the Aliens..

He said no such thing.

JPMorgan has started scenario-planning for potential U.S. credit default - Reuters

That is correct. He didn't say that the USA was thinking about defaulting on the debt.

He said we will reach the limit later this year. If the debt limit isn't raised it would be catastrophic. The last time they prepared for a possible default they lost 100 million dollars. He wished that Congress wouldn't wait until the last minute to raise the ceiling, which is what they have done multiple times in the past.

As usual, Congress will drag their feet and raise the limit at last minute and no default will happen.

There is no thought of defaulting on the debt.

Of course there’s no chance of defaulting when you have unlimited spending and can print money.

Yes, and yes. I think you understand. Should be a seamless transfer, no penalty, no nuthin. And yes, hourly advisor. For tax questions, I just ask my CPA.

You can open a money market account with the institution holding your IRA within the account. You'll have two accounts in the IRA. I have this with Vanguard. I can transfer from one to the other however I like. If you are nervous about the market to the point you want to shift it into the money market you can, and the institution will take your RMD out of the money market. Like some others have said, I wouldn't try to time the market. What will most likely happen if you do that, is you will transfer thinkiing the market will take a dump only to find out you'd be lucky to get back in at the same level you got out. I leave mine in during down times and dump more into a non-IRA account when/if the market really gets low. I'm waiting to see what happens with the Ukraine situation. By the way, you won't be able to avoid the RMD. requirement.

OK. Got it, Marv.

Thanks.