Home page

What Do I Do With the 401(k) From My Old Job?




Video quality The size Download

Information What Do I Do With the 401(k) From My Old Job?


Title :  What Do I Do With the 401(k) From My Old Job?
Lasting :   6.54
Date of publication :  
Views :   123 rb


Frames What Do I Do With the 401(k) From My Old Job?





Description What Do I Do With the 401(k) From My Old Job?



Comments What Do I Do With the 401(k) From My Old Job?



Ian Scianablo
What can you do if you are leaving Walmart for a much better job BUT you have an outstanding loan balance on your 401K? I do want my first ROTH IRA and another brokerage account
Comment from : Ian Scianablo


Juan Pelayo
I’m 37 with $180k in my 401k I want to explore options, i don’t want to Rollover to my next company 401k I would like to purchase a property anything but to get the most out of my money legally
Comment from : Juan Pelayo


D O
how much does it cost to talk to pro about transfering your 401K to a Roth and signing all the correct forms?
Comment from : D O


Roger
The short answer is rollover to a Ira roth or traditional Call fidelity they will walk you through it for free
Comment from : Roger


Frank Garcia
I have about 200k in my 401k from GM When I quit I kept it in there because I like the investment options and I am able to take loans on it and pay myself back with interest I would rather have that option than putting it into an IRA
Comment from : Frank Garcia


Amanda Louise Medford
Great video! game changer, the 401k is good, because retirement choices determine a lot of things My parents spent same number of years working desk job, but my mom was investing through a financial manager, and my dad through the 401k My mom retired with over $4 million, whereas my dad retired with almost $2 million It is your choice on what to pick As for me I will always go with the financial manager
Comment from : Amanda Louise Medford


Michael Brenner
I'm still at a crossroads deciding if to invest $400k on my stock portfolio what’s the best way to take advantage of the market?
Comment from : Michael Brenner


IMDOC78
It depends on the company I had a 401k through fidelity in my old job and the way they roll over is by sending you a check directly but paid to the new company where you are going to hold your new 401k or ira
Comment from : IMDOC78


mike laba
Instead of spending all that money I'm fees with smartvestor pro Just use fidelity go First 25k is fee free Everything after that is at a low low fee of just 25
Comment from : mike laba


BB-13
Advice was to hire a Ramsey employee 😜
Comment from : BB-13


Evan Cudaback-Siou
Don't you always have to pay taxes on the amount you rollover from a 401k to a Roth IRA?
Comment from : Evan Cudaback-Siou


Aziz Einas
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns This means that over time, your investment can grow exponentially So the earlier you start investing, the more time your investment has to grow through compounding
Comment from : Aziz Einas


Top Self
85k after 30yrs? 🧐🧐🧐🧐
Comment from : Top Self


Eric Connelly
I figured this would turn into a sales pitch for financial advisors who have paid to be in the Ramsay club And only 80k after 30 years?
Comment from : Eric Connelly


Kyle McLaughlin
Terrible explanation Dave lol
Comment from : Kyle McLaughlin


MikeTheYungGod
401K is a scam The average balance on it at retirement is between $70K-$90K
Comment from : MikeTheYungGod


Bill Tatum
Hey I agree totally with him on this one! Happening to many I know right now
Comment from : Bill Tatum


Sean Garcia
GET TO THE POINT!!!
Comment from : Sean Garcia


99 Highlights @Slappin Tv
My wife got laid off due to COVID $7,000 in a 401k Should she still roll over her 401k or just withdraw with this "crash" coming
Comment from : 99 Highlights @Slappin Tv


Fer du Port
Thanks!!
Comment from : Fer du Port


Yanira Gonzalez
What if your job don't do rollovers ? WHAT OPTIONS DO U HAVE
Comment from : Yanira Gonzalez


espy
OMG, can you BE more condescending?
Comment from : espy


dude
Roll it over Invest in diversified stock on your 401k NOT RISKY HIGH YIELD
Comment from : dude


Martin Krulock
Scolding ?
Comment from : Martin Krulock


David Cole
This woman thought she would get unbiased advice Instead, Dave wasted no time in doing a sales pitch to his "smartvestor pros" It's a simple question with a simple answer All she needs to do is either keep the $ in the 401k or roll it over to a Trad IRA with a low cost company like Vanguard
Comment from : David Cole


Joe Diamond
I wish he would of discussed the rule of 55 As most people don’t realize they can access funds in a 401k if they quit or get fired WITHOUT a penalty This woman was 58 and would have the ability to access funds prior to 59 1/2
Comment from : Joe Diamond


Angela Laskodi
I think Dave might have missed something here I left a company and the representative of the 401K mailed me a check, full amount, in my name I went to the bank and opened an IRA and deposited the check At tax time, my CPA filed a form showing the roll over so I wouldn't be taxed 20 It worked
Comment from : Angela Laskodi


SO HD
How long is the process to roll over anyone know? I’m going to leave a job after 6 y and I am looking for a job rn to replace it but I also don’t know what to do with the 401k :(
Comment from : SO HD


Hans Moleman
It's a little upsetting Dave turned this woman directly to Mutual Funds and made no mention of these other low fee/low risk/reliable investments called Index Funds Just straight to high risk/high cost/high reward investing? Most people (this woman included) aren't that good and managing their investments
Comment from : Hans Moleman


David
30 years and $85k? WowI've only invested for 10 years and have about $250k and fell I'm so far behind
Comment from : David


Ratoi Lineberger
Why did I think she was going to have millions???
Comment from : Ratoi Lineberger


Jeff Morse
i always roll into my IRA, far better investment options If i want to retire early on the rule of 55 my current employers 401k will suffice to buy me the 45 years until the IRA can be drawn on
Comment from : Jeff Morse


ttu888didfitRhonda Vigil
Can you get back to millionaire theme hours?
Comment from : ttu888didfitRhonda Vigil


Project Masculinity
If she were British I’d say open a SIPP With vanguard 🇬🇧
Comment from : Project Masculinity


JP Hickory
A sweet lady
Comment from : JP Hickory


Living Unashamed
To only have 85k in her 401k after 30yrs is scary!
Comment from : Living Unashamed


Zachary Buhler
Roll it to a Roth IRA Pay the taxes, you'll do great
Comment from : Zachary Buhler


Raj Beekie
She does not have to take the money out If the old company has good funds with low fees, she should leave it The next option is to open an IRA at a brokerage company like TD Ameritrade, Vanguard, etc There are many good companies out there Divide the money into 3-5 index funds like SPY, QQQ, etc Do that and she will be fine
Comment from : Raj Beekie


Aaron Taylor
If you like the funds and the fees are low keep it there
Comment from : Aaron Taylor


Justin Case
@4:17 "Does that all make sense in general?"brCaller after being overwhelmed: "yes sir it does"
Comment from : Justin Case


Justin Case
WowHow much commission does a SmartvesterPro ding this caller in commision? "The heart of a teacher" is a beautiful touch
Comment from : Justin Case


Richard Gavel
Look at the Rule of 55 I would rollover it into the next employers 401k
Comment from : Richard Gavel


rookie adventurers
80k?ive only har a 401k for 5 years and there's 50k in so far
Comment from : rookie adventurers


Robert Marlo
I rolled my old 401k into my new 401k, that way I could keep my traditional ira empty for back door Roth every year
Comment from : Robert Marlo


Saul Goodman
The 1 2 minutes were an informationbrBecause of that, that made the call sound scripted
Comment from : Saul Goodman


Saul Goodman
Just keep it in there They cannot force you to withdrawbrOr roll it over to your new 401k So this way you pay no taxes, when you do retire
Comment from : Saul Goodman


Shawn Michael
If you like the investments in your current 401k you can leave it Consider expense ratio Example: Vanguard Institutional shares, which a lot of 401k's use, is better than Admiral shares
Comment from : Shawn Michael


M1a1 Abrams
take all that money and invest it into the newest trend bitcoin is a good 1
Comment from : M1a1 Abrams


JM0NEY
Roll your 401K to your new job or roll it to an IRA in your name Don't cash it out unless you are past the retirement age Don't pay that 10 penalty!
Comment from : JM0NEY


Dissident Podcast Clips
Sell it and buy a vehicle
Comment from : Dissident Podcast Clips


Dann Goral
Underwhelming video Just let Dave investment partners manage your funds for a percentage Lol please don't
Comment from : Dann Goral



Related What Do I Do With the 401(k) From My Old Job? videos

Garena DDTank:Combo 2000 Tốc Độ Sẽ Kinh Khủng Như Thế Nào?Best Cướp Turn Cân Team Lật Kèo Garena DDTank:Combo 2000 Tốc Độ Sẽ Kinh Khủng Như Thế Nào?Best Cướp Turn Cân Team Lật Kèo
РѕС‚ : Review Game N.B.H
Download Full Episodes | The Most Watched videos of all time
? SMS sending Job without INVESTMENT | Daily Rs 2000/- | SMS Job | Part time job for Students ? SMS sending Job without INVESTMENT | Daily Rs 2000/- | SMS Job | Part time job for Students
РѕС‚ : FrozenReel
Download Full Episodes | The Most Watched videos of all time
If You Lose Your Job u0026 Have No Money Do This | How To Save Your Credit During Job Loss | Job Layoff If You Lose Your Job u0026 Have No Money Do This | How To Save Your Credit During Job Loss | Job Layoff
РѕС‚ : All Thingz Real
Download Full Episodes | The Most Watched videos of all time
How to Earning E-Money For Sinhala.Typing job.online job part-time.Typing job sinhala How to Earning E-Money For Sinhala.Typing job.online job part-time.Typing job sinhala
РѕС‚ : Heshan Technic
Download Full Episodes | The Most Watched videos of all time
Make Money Online Job - How to Make Daily Money With Online Survey Job - Work From Home Job 2023 Make Money Online Job - How to Make Daily Money With Online Survey Job - Work From Home Job 2023
РѕС‚ : Vineesh Rohini
Download Full Episodes | The Most Watched videos of all time
How To Withdraw Money From 401(k) After Age 59 1/2 How To Withdraw Money From 401(k) After Age 59 1/2
РѕС‚ : Doug Andrew - 3 Dimensional Wealth
Download Full Episodes | The Most Watched videos of all time
Ways to Get Money Out of a 401(k) - Working or Not Ways to Get Money Out of a 401(k) - Working or Not
РѕС‚ : Approach Financial
Download Full Episodes | The Most Watched videos of all time
How Much Tax Do You Pay on 401(k) Withdrawals? How Much Tax Do You Pay on 401(k) Withdrawals?
РѕС‚ : Approach Financial
Download Full Episodes | The Most Watched videos of all time
401(k) early withdrawals and the impact on savings 401(k) early withdrawals and the impact on savings
РѕС‚ : CBS News
Download Full Episodes | The Most Watched videos of all time
Borrow From My 401(k) To Pay Off Debt? Borrow From My 401(k) To Pay Off Debt?
РѕС‚ : The Ramsey Show Highlights
Download Full Episodes | The Most Watched videos of all time