What Should You Do with Your 401k When You Retire?

If you’re close to retirement, one crucial aspect to consider is what to do with your hard-earned 401k savings. This decision requires careful thought and planning, as it can significantly impact your financial well-being in the long run. James covers the key considerations to get the most out of your 401k plan: ➡️ Analyzing Costs ➡️ Assessing Control + Ease of Use ➡️ Examining Investment Options ➡️ Consolidations for Simplicity ➡️ Coordinating Withdrawal Strategies In addition to those factors, there are several other important considerations: understanding tax implications, net unrealized appreciation, and penalty-free distributions. Learn the tips & strategies to get the most out of life with your money. Get started today → https://www.rootfinancialpartners.com/ Subscribe to be notified for future videos:    / @rootfp   _ _ For more resources and content, check us out below! 🔔Subscribe to our channel to learn more about all things portfolio management    / @rootfp   🎧 Listen to our podcast https://readyforretirement.buzzsprout... 🧑‍💻 Visit our website https://www.rootfinancialpartners.com to learn more about us 👥 Connect with us on Facebook   / rootfinancialpartners   📷 Connect with us on Instagram   / rootfinancialpartners   🔗 Follow us on LinkedIn   / 18347030   _ _ ⏱ Timestamps ⏱ 0:00 Intro 1:58 Costs 3:14 Control 5:04 Investment options 6:41 Consolidations 8:21 Ease of Use 9:10 Coordination 10:39 Tax implications 12:17 Net unrealized appreciation 13:24 Penalty-free distributions 14:21 Outro Other videos we think you'll like: About Root:    • Financial advisors with heart.   Worried about retirement? Start here:    • Worried About Retirement..Start With ...