Navigating Post-Employment 401(k) Options (Ep. 38)
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:
Connect with Josh Leonard:
- jleonard@leonardadvisorygroup.com
- LinkedIn: Josh Leonard
- Leonard Advisory Group
- 412-998-PLAN
- YouTube: Leonard Advisory Group
- Facebook: Leonard Advisory Group
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