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What to do with your 401k When you Retire ? | On The Money

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Comment from : @onthemoney1

Why would an IRA have more fees than a 401K? Aren't IRA's self-directed? I only have a Roth IRA with Fidelity, not a traditional IRA, but my Roth IRA doesn't have any fees other than expense ratios for different investments There's no service fee because I'm doing all the investing myself 10:05 Are you talking about fees for a financial advisor to manage the IRA for you?
Comment from : @naturalhonor9818

Retirees who struggle to meet their basic needs often didn’t save enough during their working years Retirement planning plays a significant role in shaping outcomes For example, both of my parents spent the same number of years in civil service, but while my mom invested through a wealth manager, my dad relied solely on his 401(k) The difference in their financial stability is clear
Comment from : @Greatopportunity-s2e

If you leave with employer who in my case is fedelity, how do i withdraw funds i need to live off of? Im 58 and retiring with 450,000 Plan to work part-time
Comment from : @jazzyjoy1

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them We can get by, but can't seem to get ahead My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for
Comment from : @IfranReinfeld

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @RiggiosMiners

Finally I understand the options Been retired for 3 years with Fidelity and they just take of this for me, but I really did not know what they were doing or why, or how much and when, I have just been depending on them Would like to start paying more attention and become more knowledgeable though so I have subscribed
Comment from : @MikeStallings2023

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800 Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer
Comment from : @Pelham04

At 595 yrs can one rollover 401K to IRA even though he/she still works for the same company? OR should that person be fully retired to do the rollover to IRA?
Comment from : @ajaynair2636

the strategies are quite rigorous for the regular-Joe As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Comment from : @Sanchyfab

I recently retired and I would like to get auto monthly dispersements into a bank account I understand the 401k account wont allow this, will a IRA or Roth IRA be able to do this? Thank you!
Comment from : @jeffmoore9179

If i convert traditional ira to a roth ira and put money in dividend ETFs that are unqualified dividends Does my beneficiary have to pay dividends on the unqualified dividends?
Comment from : @hudrazor1192

ive still been bullish since 2018 exempt i was only very confident in years past, now at this point in validated, rich, retired, happy, and now I am beyond confident, i am positive … nvda is the goat 🐐 💚🖤
Comment from : @AnnBurrow-vb8tt

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @Donnafrank-k6e

I retired 95 years ago and left my 401k It has almost doubled
Comment from : @youngtimer964

It's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time
Comment from : @dianemoore-

To be kinda blunt, I am giving up on investing in stocks I put between 20000 to 30000 a month and it's nothing but down down Sooooo frustrating and I only invest in boring big companies How can I capitalize in such a market?
Comment from : @AlbertGReene-p8w

Retiring next spring at 55 55 allows for 401k access and in our case employer medical benefits We will need to leave some in the 401k as a bridge until 595 The rest is rolled into our IRA's and Roth IRA's as we have a chuck of Roth 401k money as well This residual 401k money will also act as a source of cash for Roth conversion tax money
Comment from : @rayanderson3164

Converting my 401k to a Traditional Roth with Vanguard was the best financial decision I made 17 years ago No tax worries for the rest of my life
Comment from : @tombkk1322

Awesome
Comment from : @edwardsmcintyre9014

how do i roll my 401k into an IRA when there is a $7000 limit?
Comment from : @robinaosmani6207

Spend it 😁
Comment from : @rodrigok1220

Is it the age of 55 or the age of 59 1/2 when you can get the 401l without penalty??
Comment from : @agustinob1

I appreciate the THOROUGH discussion of the different options thank you VERY MUCH
Comment from : @bobackerman54

The outfit my 401k is in is stuck in 1980 The only way to get the money moved to Fidelity or say Vanguard is a check in the mail that has the great potential of being lost or stolen Worse, the process according to the 401K provider, can take up to a month WTH!!
Comment from : @myvenusheeler

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit
Comment from : @Freyabates08

I have an employee sponsored low fee 401k Upon separation I will be forced to do something with that money I was going to bite the bullet and convert it (500k) to a Roth and pay the taxes but now think it makes more sense to do a regular Roth to avoid the tax implications Do you agree and do you have any recommendations on low fee alternative broker that I can research? I am currently tied to vanguard
Comment from : @ibenglish

Thanks for posting this 👍
Comment from : @jimaragon2110

Good stuff❤🎉😊
Comment from : @jerrylockhart3069

I am super happy with the many investment options in my companies' 401K and at least for the short term plan on leaving it there and letting it grow
Comment from : @edwardpate6128

Money in 401k I was told can be exempt from lawsuits If you move it to IRA do u retain this protection?
Comment from : @paulmarshall1127

The very few options in my wifes account were not doing good, always in the red Rolled it into an IRA making 52 Left the 401 open with the best they had, most days still in the red
Comment from : @clbcl5