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Your Old 401(k): to Rollover, or Not to Rollover

Your Old 401(k): to Rollover, or Not to Rollover

FromStay Wealthy Retirement Podcast


Your Old 401(k): to Rollover, or Not to Rollover

FromStay Wealthy Retirement Podcast

ratings:
Length:
27 minutes
Released:
Nov 20, 2018
Format:
Podcast episode

Description

Did you know? The average cost per year for a 401(k) participant is 2.2% of their account balance, according to SmartAsset.   This number is rapidly declining, but even if you cut it in half, it would still be concerning.  When you leave a company, you have three options for dealing with your 401(k): Leave it at your previous employer Transfer it to your new employer Roll it over to an IRA at a trusted custodian And, given how much you might be paying in fees, I don't recommend neglecting this part of your financial plan. In today's podcast episode, we talk about each of these options and help you decide which is best.  --- If you have any more questions, please contact us at podcast@staywealthsandiego.com Thanks for Listening Be sure to subscribe on iTunes, Stitcher, Spotify, Android, or wherever you get your podcasts.  And feel free to drop us a line at podcast@staywealthsandiego.com Find show notes and more information at http://www.staywealthysandiego.com/35 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.
Released:
Nov 20, 2018
Format:
Podcast episode

Titles in the series (100)

Stay Wealthy is a Forbes Top 10 retirement podcast delivered to you...in plain English! Award-winning host, Taylor Schulte, CFP®, was named the #2 Independent Financial Advisor in the U.S. by Investopedia. Each week, he will teach you how to reduce your taxes, invest smarter, and make work optional in retirement. He covers topic such as: roth conversions, advanced tax planning, IRA's, 401(k)'s, retirement income strategies, insurance, pensions, stocks and bonds, social security, and more. Every episode will give you the tools you need to preserve your hard-earned money and "stay wealthy" in retirement. Learn more and grab FREE retirement resources by going to https://www.youstaywealthy.com.