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Total Financial Podcast

Rolling Over Your Retirement Accounts – February 21, 2017

Hosts: Arif Halaby & Jeff Girard

Segment 1 – Why should you roll over your retirement accounts?

Segment 2 – Roth IRA and 401(k)

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Total Financial Solutions Safer Money Hour, with host Arif Halaby, President & CEO of Total Financial Solutions airs every Tuesday from Noon to 1pm on Santa Clarita’s Hometown Station, KHTS AM-1220.

Total Financial Solutions Safer Money Hour – February 21, 2017

“How do I drip those dollars in while I’m not paying income taxes on it?”

“Your retirement accounts are the retirement accounts of the government.” – Jeff Girard

Ways to roll over your retirement accounts:

  1. Roll over a traditional 401(k) into a traditional IRA, tax-free.
  2. Roll over a Roth 401(k) into a Roth IRA, tax-free.
  3. Roll over a traditional 401(k) into a Roth IRA—this would be considered a “Roth conversion,” so you’d owe taxes.

Can I roll over a portion of these funds? Yes, you can.

“Those dollars you would’ve had to pay taxes on 10-15 years down the road are never taxed again.” – Arif on rolling over retirement accounts

Do I have any loss carry-forwards?

“As you get older and acquire more things, you’re gonna need a team.” – Jeff Girard on needing a support group of a tax advisor, cpa, etc. to help handle your wealth and monies

“Learn how to play the game … learn the rules because you’re playing the game anyway.” – Arif Halaby on how to make your money work for you

Rolling Over Your Retirement Accounts – February 21, 2017

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About Justin Powell

Justin moved to the San Fernando Valley from the Inland Empire in 2011 to complete his BA of Communications degree at California State University, Northridge. Just a few months after getting his degree he moved to Valencia and started as an intern at AM-1220 KHTS, and was promoted to Sports Reporter within a year. Though Justin is still relatively new to the Santa Clarita Valley, he is an avid sports fan and passionate about building the sports department at KHTS into a special source for local high school sports.