[MRM]

She is using the wrong language to describe what she wants to do, which means she doesn’t understand what she’s doing and is likely to make a life-altering mistake. There is a difference between taking her money out of the fund it is currently in and taking it out of her IRA. If she takes it out of her IRA it will be taxed as ordinary income on dollar one and she’s likely to pay a 10% early withdrawal penalty on every penny taken out. If she took out $500,000 she’d pay almost $200,000 in state and federal tax on top of the $50,000 penalty.

She almost certainly can move from whatever stock fund she is in to a money market fund and keep it in her IRA without triggering a taxable sale. Timing the market is a risky proposition, but if she insists on doing so, she should at the very least make an appointment with someone from T Rowe Price and get their direction on how to do it without triggering catastrophic taxes and penalties. What she really needs to do is hire a fee-only financial planner, not a stockbroker styled as a financial advisor, and get some real advice. She should not take advice from
Anyone who sells investments. She should only go to someone who gives advice on an hourly fee-for-service basis.