Get free help with your 401(k) Rollover to an IRA with Capitalize: https://go.robberger.com/capitalize/yt-401k-atf-rollever
When you leave a job, whether to retire, take another job, or leave the workplace for a time, an important question is what to do with your 401(k), 403(b) or other workplace retirement plan. In this video we walk through the three primary options:
1. Leave it with your former employer,
2. Transfer it to your new employer's 401(k), or
3. Roll it over to an IRA
We'll discuss the pros and cons of each option, along with some advanced strategies to consider.
Join the newsletter: https://robberger.com/newsletter/?utm_source=Rob+Berger&utm_medium=ATF+Link&utm_campaign=Newsletter&utm_id=YouTube
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Video Resources
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Capitalize: https://go.robberger.com/capitalize/yt-401k-rollever
IRS Exceptions to 10% Penalty: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions
Age 55 Exception: https://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-general-distribution-rules
Still working exception to RMD: https://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-general-distribution-rules
Roth IRA 5-year Rule: https://www.schwab.com/ira/roth-ira/withdrawal-rules
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Investing Tools
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My Book (Retire Before Mom and Dad): https://amzn.to/2MsRJ9B
📈 Empower (investment tracking): https://go.robberger.com/empower/yt-
⛱ New Retirement: https://go.robberger.com/new-retirement/yt-63
💰 M1 Finance $30 Bonus (IRA & Taxable Accounts): https://go.robberger.com/m1finance-bonus/yt-
📈 OnTrajectory (Retirement Planner): https://robberger.com/go/ontrajectory/yt-69
📊 Morningstar (Fund Research): https://go.robberger.com/morningstar/yt-
💵 Tiller (Budgeting): https://go.robberger.com/tiller/yt-
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Popular Videos
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1️⃣ How to Create a 3-Fund Portfolio: https://www.youtube.com/watch?v=kmw8OpGp2rM
2️⃣ How I Manage 28 Accounts in One App: https://www.youtube.com/watch?v=cQk6EQk3iGg
3️⃣ 7-Step Financial Checkup: https://www.youtube.com/watch?v=mNWGWxKzKTY
#retirement #investing #robberger
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)
LET'S CONNECT
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.