Have You Reached 59½? Time to Rethink Your 401(k) Options

A rollover IRA might be in order to help protect your retirement savings from potential (and potentially disastrous) market downturns.

An older woman looks thoughtful as she sits at a kitchen table and looks into the distance.
(Image credit: Getty Images)

Many Americans save for retirement through a 401(k) offered by their employers, which is wise since the money is automatically taken from their paycheck each pay period and is often supplemented with a company match.

This helps to build a solid retirement fund.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Chris Ballard
Owner and CEO, Ballard Financial Group

Chris Ballard, an Investment Adviser Representative, is the owner and CEO of Ballard Financial Group, a family-owned business for which his two daughters also work. Ballard has more than 30 years of experience as a financial professional and has earned the CERTIFIED FINANCIAL PLANNER™ designation.