Host: Arif Halaby
Topic: Rolling Over Your 401k Into An IRA
Total Financial Solutions Safer Money Hour With Arif Halaby – 6/10/2014
On todays show Arif touches on why rolling your 401k into an IRA account could benefit you or hurt you.
THE BENEFITS OF ROLLING OVER TO AN IRA
- More selection
- Lower costs
- Less trading restrictions
- Less tax headaches
- Penalty free early withdrawals
THE NEGATIVES OF ROLLING OVER INTO AN IRA
- May blow yourself up
- Might be more stressful
- Retail prices
- Have to make an effort
ROLLOVER THAT 401(k) IF YOU CAN
I recommend everybody who has lost a job or who is transitioning to a new job to rollover their 401(k) into an IRA due to an increased selection of investments, lower expenses, and more flexibility. Just be honest with yourself in understanding your own risk tolerance and gambling tendencies. Make no mistake that the stock market is the world’s largest casino.
There’s a reason why vernacular such as “making a bet on XYZ stock” exists. Nobody knows the future, but we can all make educated investment decisions.
Please continue to do your best and max out your 401(k)s and IRAs in the meantime. You will surprise yourself by how quickly your contributions add up over time!
- See more at: FinancialSamurai.com
Check out the KHTS podcast to listen to the whole show!
Get all the information you need about Total Financial Solutions Safer Money Hour here.
Full list of the KHTS Podcasts!
Don’t miss a thing. Get breakingSanta Clarita Newsalerts delivered right to your inbox.
Source: Santa Clarita Podcasts