One of the great things about an IRA is that you can hold a number of different investments in the account. While you can hold bonds, stocks, and cash in your IRA, it’s also possible to add even more asset classes to your IRA.
When it comes to investing, it’s too easy to just sort of decide on an asset allocation and then stick with it for the next 30 years. One way you can change the way you think about investing is to divide your investments into “buckets.”
It’s tempting to turn to your retirement account and withdraw money to shore up your finances. Before you decide to withdraw money, though, think twice. Tapping into your retirement account should be the last resort.