You can change your individual retirement account (IRA) holdings from stocks and bonds to cash, and vice versa, without being taxed or penalized. The act of switching assets is called portfolio rebalancing. There can be fees and costs related to portfolio rebalancing, including transaction fees.
Should I Keep my IRA in cash?
If you only keep your IRA in cash, you may not grow your balance as much as you would with stocks. That could leave you short on funds by the time retirement rolls around. Investing your money in stocks is the best way to grow it for retirement. Saving for retirement in an IRA is one of the best things you can do for your future.
Should you invest your money in stocks or IRAS?
Investing your money in stocks is the best way to grow it for retirement. Saving for retirement in an IRA is one of the best things you can do for your future. It's important to have money to fall back on once your career comes to an end.
