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Submitted 156 days ago...

Beaker271

Beaker271

New User (2)

My IRA is losing money. How do I get out of it?

How do I close out an IRA?

 
Answer
 

Submitted 156 days ago...

mahalo

mahalo

Professor (1,186)

I agree with Fakery. People who are not used to investing are really freaking out right now because IRAs are losing money because the economy sucks. But if you aren't retiring in the next 10 years, I would leave the money in there as I would almost guarantee that it will rebound. Fluxuations and recessions are a natural part of life that can't be avoided.

 

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