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Phaedrus wrote:
JW wrote:They limit risk as you get closer to retirement.

Got it. Expected retirement is a date not an income need.

Right they also estimate your yearly income at your retirement date which of course all has to do with how well your investments perform. But things like pensions and SS are known values.
By 50 plus
Just did all this recently.

As a roll over it can only go into a traditional IRA. That's because you were given tax exempt status when that money went into the 401k. It has to maintain that status. You will be taxed on it as it is taken out at your Fed tax rate. If you want to avoid that, have them write you a check directly and they will hold back 20% to cover Fed taxes. Then you can do whatever you want with it. IRAs need to be reduced (by setting up a monthly amount to go into your bank-again to do what you wish, and pay taxes on it) starting age 70-1/2.

You can have anaccount managed saying you want x amount of dollars in it when you retire. Since there is a limit as to how much of a % of your pay that can be tax free, it may be impossible to reach that goal if you started saving late. Vanguard has accounts you set up by age. It's not mandatory to go into those accounts but it goes from heavy stock, light bonds to heavy bonds and light stock. Up to you if you want to contribute additional money to the account or just have it maintained.

Some companies allow you to completely manage your own 401k but those choices are still mutual funds and honestly you really should be proficient in those before you take that on.

Vanguard is using analytics to manage some funds.
By 50 plus
Oh, another thing. No you can't combine husband and wife accounts. Only if one of you takes that check minus the 20% then it can all be put into one account only, beware - they are called Individual retirement accounts for a reason. Only allowed in ONE person's name. Spouse would be a beneficiary.
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By Phaedrus
President Obama's gift to Trump

Rick Newman
Yahoo Finance
November 29, 2016

The US economy grew 3.2% in the third quarter, according to newly revised government figures. That’s just three-tenths of a percentage point short of Donald Trump’s goal for growth, which is 3.5%.

Employers have created nearly 2.4 million jobs during the last 12 months. Donald Trump’s goal: 2.5 million new jobs per year. Again, we’re almost there.

Trump, the incoming president, campaigned on a litany of complaints about the economy’s performance under President Obama during the last 8 years. He repeatedly called the Obama economy “disastrous” and a “total failure.” Yet Trump now stands to inherit an economy that’s gathering steam and could make his first year or two in office a new standard for prosperity.

Trump supporters argue that recent economic news—almost all of it upbeat—is due largely to the fact that Trump won the presidential election and is now generating new hope about an economic revival. But it’s easy to break down the latest developments to determine which predate the election and which come after. The following updates were all published recently but refer to periods before the election, when most polls predicted Hillary Clinton would be the likely winner:

GDP. The latest figures, showing 3.2% annualized growth, are from the third quarter, which ended in September. Credit: Obama

Jobs. The latest 12-month number, 2.4 million new jobs created during the last year, is from October. Credit: Obama

Wages. A Glassdoor report shows that salaries are rising 3.1% per year, while inflation is just 1.6%. So while everybody wants more money, workers are getting ahead, on average. Glassdoor gathered the latest data in this series through Nov. 21, but it’s a three-month rolling average, so most of the data predates the election. Credit: Obama

Home prices. New figures show the S&P CoreLogic Case-Shiller home price index hit a new record high at the end of September, signaling that the housing bust that began in 2006 is officially over. There’s a catch: the homeownership rate has fallen significantly, and many first-time buyers find it difficult to afford a home or get approved for a mortgage. But the trends are improving. Credit: Obama

There have been a few encouraging developments since Trump got elected, too, showing some Americans do, in fact, feel emboldened by his victory:

Consumer confidence. It surged unexpectedly in the latest reading, which included survey results through Nov. 15, which was a week after Election Day. Consumer confidence is still well below previous highs, but is back to the the prerecession levels of 2007. Credit: Trump

Stocks. They’re up more than 3% since Election Day, with shares of financials and industrials up the most. Credit: Trump

It’s cheeky to credit any president for developments in the economy; elected officials have less control over jobs, profits, wages and prosperity than many people think. Nonetheless, presidents typically get credit for the economy when it performs well under their watch, and blame when it doesn’t. That helps explain the rise in Obama’s approval rating, which, at around 50%, is the highest since he got reelected in 2012. Trump will be lucky if he enjoys a similar rating four years from now.

Rick Newman is the author of four books, including Rebounders: How Winners Pivot from Setback to Success. Follow him on Twitter: @rickjnewman.
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