It's really an empowering feeling when you take responsibility of your retirement plans. Part of retirement planning is knowing what to do with your IRA or however many you have, is what you're going to do with it once you retire. The right strategy depends on what kind of retirement accounts you have your nest egg in – be it a 401k, a Roth IRA, whatever – and all the applicable penalties. For instance, you could cash it all out once you retire if you're over 55 at the time of retirement, to avoid penalties – it could save you more than a payday loans worth – but you should consult with a financial expert who knows how to get the most cluck for your buck.