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Submitted 104 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?

 
 
 
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Answer 1 / 2

Submitted 104 days ago...

Fakery

Fakery

Brain (2,176)

Everything is going to be losing money. you might want to contact the company that controls your IRA and ask them. you may have some penentlies to pay, but you might be able to get it.

 

Answer 2 / 2

Submitted 104 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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