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What Should My Parents Do With My Dad’s 401(k) in Retirement?
What Should My Parents Do With My Dad’s 401(k) in Retirement? Hi everyone, I’m seeking advice for my parents, who are in a great financial position but unsure how to handle my dad’s 401(k). Here’s their situation: • Both are retired military (20 years of service each) and draw pensions. • Combined annual income in retirement is ~$180k, which includes: • Two military pensions. • My mom’s Social Security (sh...
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