Share Navigating Post-Employment 401(k) Options (Ep. 38)

Copy link

February 20, 2024

Navigating Post-Employment 401(k) Options (Ep. 38)

27 minutes

What are the long-term impacts of keeping your 401(k) with a former employer versus rolling it over to an IRA or a new employer’s plan? How can the benefits of IRA rollovers and Roth conversions influence your decision for penalty-free withdrawals?

Josh Leonard explores the advantages and disadvantages of maintaining the 401(k) with a past employer, transitioning it into an IRA, or moving it to the retirement plan of a new employer. He highlights the importance of comprehending the regulations, costs, and tax consequences associated with each plan.

Josh discusses:

What are the options for handling a 401(k) with a previous employer

When is it appropriate to roll over a 401(k) to an IRA

How do automatic savings and employer matching contributions benefit 401(k) participants

What are the potential tax implications and benefits of converting a traditional 401(k) or IRA to a Roth IRA

And more

Resources:

Schedule a meeting with the team

Connect with Josh Leonard:

[email protected]

LinkedIn: Josh Leonard

Leonard Advisory Group