Most Americans have at least some of their Retirement savings sitting in workplace retirement plans like 401ks, 403bs, SEP-IRAs and the like.  And when you leave a job, due to a retirement transition or not, many people wonder what they should do with the savings they’ve accumulated in the plans. 

We’ve noticed that the more people tend to have in their retirement plans, the more reluctant they are to take action out of fear of making a mistake.  In this episode of the podcast we’ll answer several questions about 401k rollovers:

·       Should I keep my savings in the 401k or roll the funds into an IRA?

·       Can I roll my 401k directly into a Roth IRA?

·       My savings is in the Federal TSP.  I’ve heard the plan is really good.  Should I roll the funds into an IRA when I retire or stick with the TSP?

We’ll also review the logistics of 401k rollovers and how you can avoid major mistakes.

Resources:

https://www.morningstar.com/funds/are-low-volatility-etfs-dead

Most Recent Episodes

September 4, 2024

Ep #249 – We Just Retired. Should We Downsize?

Downsizing from your large, long-held family home is a popular concept for retirees, but may not always be the best choice.  Even though smaller homes are less costly & easier to maintain,...

Listen · 26:17

August 28, 2024

Ep #248 – I’d Like to Give More to Charity. How Can I Reduce My Taxes by Doing So?

Mailbag Question: “I’d like to give more Money to a couple different charities this year, but my tax person said it wouldn’t help my taxes.  Is there a way I can make a gift that reduces my...

Listen · 27:39

August 21, 2024

Ep #247 – Should I File for Social Security Before It Runs Out?

Mailbag Question: “Everything I hear about Social Security is bad, and it sounds like the program will run out of money in a few years.  Is there a good reason I shouldn’t file for benefits now...

Listen · 33:02

Load More Episodes

Grant Bledsoe Financial Planner to Business Owners

I'm a financial planner to business owners, and the founder of Three Oaks Wealth. Our firm helps business owners align their business interests with their personal finances, often including the exit or sale of equity holdings.

I hold several professional credentials, including the CERTIFIED FINANCIAL PLANNER™, Chartered Financial Analyst, and Certified Exit Planning Advisor designations.