How to Decide Whether to Rollover your 401(k) to an IRA
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Should I rollover my 401(k) to an IRA? Most advisors say yes, but It\\u2019s not always the best idea. In this episode we share what you should consider to make the choice that\\u2019s right for you.
\\nListen to the Audio
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\\nHappy Lab\\xa0
\\nOver the last few weeks we\\u2019ve been reviewing the top 5 regrets people have at the end of their life.
\\nHere\'s the list so far;
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#5: I wish I had allowed myself to be happier
#4: I wish I had stayed in touch with my friends
\\nAnd this week, #3: I wish I had shared my feelings more.
\\nS.M.A.R.T. Sprint\\xa0
\\nStay connected with people you care about. In the next 7 days, call a friend you haven\\u2019t spoken to in awhile.
\\nWhat\\u2019s That Mean??\\xa0
\\nStyle Drift.
\\nWhy do you buy an investment strategy? The obvious question is to make us money. But one investment strategy is typically part of an overall portfolio is designed to work together. Each piece of the portfolio (or asset allocation) has a role to play. Much like each contractor used to build a house does. The plumber, put in the plumbing. The landscaper, puts in the landscape. And so forth.\\xa0 As long as they execute their roles, you can get a great house (or portfolio). If, however, the plumber starts to putting flowers in your pipes you may not notice right away, but you\\u2019ll have a problem. Likewise, if that small cap strategy starts buying large caps, you won\\u2019t notice at first but eventually you\\u2019ll have a different experience than you bargained for. That\\u2019s style drift.
\\nIt\\u2019s the same with your portfolio. Each investment strategy has a role to play.\\xa0
\\nHot Topic This Week
\\nLast week major world oil producers met in Qatar to discuss a production free. News of the upcoming discussions helped stabilize oil markets in recent weeks. Unfortunately, as expected, they were \\xa0unable to come to an agreement. \\xa0We\'ll discuss the possible implications it could have global equity markets.
\\nPractical Planning
\\nOn this week\'s show we answer listener questions including:
\\n\\u2022Does it matter when I rollover my 401(k) to an IRA? What should I consider when making this decisions?
\\n\\u2022When designing a balanced portfolio, should I count my company pension plan (which gives me $100,000 a year) as part of my bond portfolio?
\\n\\u2022In retirement, is retail income considered earned income? Would rental income factor into whether my Social Security would be taxed?
\\nHave a retirement question you\\u2019d like answered? Ask it here!
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