Asked by Kassie
Tommy is 58-year-old and has operated his Roth IRA account for 7 years. He intends to retire at 60. Exactly six months ago, he withdrew 23 of his Roth IRA balance and invested in the stocks of a company that just filed for bankruptcy. He wants a steady income when he is retired. What retirement plan is best for Tommy?
A. another Roth IRA
B. mutual funds
C. an annuity
D. a traditional IRA
A. another Roth IRA
B. mutual funds
C. an annuity
D. a traditional IRA
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