Post-Retirement 401k Is Complex

#401k #401kplan #retirementplanning #retirementincome #retirementgoals Let's talk about what to do with an old 401k when you retire. Assuming you're not going to a new employer, you have three options: 1. Leave it in the 401k 2. Roll it into an IRA 3. Cash it out 4. You could convert it, but we leave that one out. Good luck converting a $1 Million 401k. Each option has its own set of advantages and disadvantages, which are crucial to consider based on your financial situation and retirement goals. Are you over age 50 and need retirement help? 🤝 Schedule a free consultation https://www.propathfinancial.com/get-... Not ready yet? No problem... Learn How To Get Worry-Free Retirement Income👉 https://www.propathfinancial.com/guides 🎧Listen To The Podcast: https://thefunctionalretirement.buzzs... Timestamps: 0:00 - Introduction: What to Do with an Old 401k 0:10 - Assumption: Retiring Permanently :021 - Option 1: Leaving Money in the 401k 0:52 - Pros of Keeping Money in the 401k 1:45 - Cons of Keeping Money in the 401k 2:27 - Option 2: Rolling Over to an IRA 2:48 - Benefits of Rolling Over to an IRA 3:30 - Cons of Rolling Over to an IRA 4:02 - Option 3: Cashing Out the 401k 4:54 - Important Considerations for Rollovers 5:36 - Final Thoughts and Contact Information 📺Watch The Functional Retirement Podcast On YouTube:    • The Functional Retirement Podcast   Watch Full Videos Now @functionalretirement 📝Free Retirement Vision Workbook https://propath.ck.page/workbook 🔔 Subscribe for notification of all future videos: https://www.youtube.com/functionalret... DISCLAIMER: The information provided in these videos is only to be considered helpful hints and education. Nothing said or shown in any of these videos is to be misconstrued as specific tax, legal or investment advice. Consult with your tax, legal or investment professional before acting on anything you see in these videos.