Hosts: Arif Halaby & Jeff Girard
Segment 1 – Why should you roll over your retirement accounts?
Segment 2 – Roth IRA and 401(k)
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:
- Roll over a traditional 401(k) into a traditional IRA, tax-free.
- Roll over a Roth 401(k) into a Roth IRA, tax-free.
- 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