1375: Why I Did A 401k Rollover After Leaving My Job (and How I Did It) by Andy Hill of Marriage Kids and Money01k Rollover After Leaving My Job (and How I Did It) by Andy Hill of Marriage Kids and Money

Published: July 6, 2024, 7 a.m.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 1375:\nAfter leaving his job, Andy Hill opted to roll over his 401k accounts into IRAs, a decision he doesn't regret. He highlights the benefits of lower fees, simplified account management, and better financial preparation for his family. By following a straightforward rollover process, he ensured no penalties or taxes, ultimately securing a more organized and cost-effective retirement plan.\nRead along with the original article(s) here: https://marriagekidsandmoney.com/why-you-should-rollover-your-401k-into-an-ira-and-how-to-do-it\nQuotes to ponder:\n\u201cBy cashing out, I would\u2019ve had an approximate 40% cut to my money immediately. OUCH!\u201d\n\u201cHaving all of our investment accounts in one spot was definitely a stress reliever for me.\u201d\n\u201cThose two words were very important to the process. This indicated that I DID NOT want to receive the money (big no-no!) and I wanted it to directly rollover to Fidelity.\u201d\nEpisode references:\nThe Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926\nMoney: Master the Game: https://www.amazon.com/MONEY-Master-Game-Financial-Freedom/dp/1476757801\xa0\nLearn more about your ad choices. Visit megaphone.fm/adchoices