1375: Why I Did A 401k Rollover After Leaving My Job (and How I Did It) by Andy Hill of Marriage Kids and Money01k Rollover After Leaving My Job (and How I Did It) by Andy Hill of Marriage Kids and Money
Description
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Episode 1375:
After leaving his job, Andy Hill opted to roll over his 401k accounts into IRAs, a decision he doesn't regret. He highlights the benefits of lower fees, simplified account management, and better financial preparation for his family. By following a straightforward rollover process, he ensured no penalties or taxes, ultimately securing a more organized and cost-effective retirement plan.
Read along with the original article(s) here: https://marriagekidsandmoney.com/why-you-should-rollover-your-401k-into-an-ira-and-how-to-do-it
Quotes to ponder:
“By cashing out, I would’ve had an approximate 40% cut to my money immediately. OUCH!”
“Having all of our investment accounts in one spot was definitely a stress reliever for me.”
“Those two words were very important to the process. This indicated that I DID NOT want to receive the money (big no-no!) and I wanted it to directly rollover to Fidelity.”
Episode references:
The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
Money: Master the Game: https://www.amazon.com/MONEY-Master-Game-Financial-Freedom/dp/1476757801
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