Switched Jobs? Here's What to Do with Your 401(k) Next!

Check out https://www.justinvconroy.com for more information, resources, and private appointments! Have you recently switched jobs and are wondering what the best move for your 401(k) is? Navigating through your 401(k) options can be confusing, but making the right choice is crucial for your financial future. In this video, we break down the four recommended paths by the IRS for your 401(k) post-job switch, ensuring you're well-equipped to make an informed decision. What You'll Learn: Option 1: Do Nothing - Understand the implications of leaving your 401(k) with your old employer and when this might be your best choice. Option 2: Rollover to New Employer's Plan - Discover the benefits of moving your 401(k) to your new employer's plan and how to do it. Option 3: Take a Distribution - Learn about taking a distribution from your 401(k), the potential taxes and penalties, and when it might make sense. Option 4: Rollover to an IRA - Explore the advantages of rolling over your 401(k) into an Individual Retirement Account and what you need to consider. Why This Matters: Your 401(k) is a key part of your retirement savings. Making a smart move now can significantly impact your financial wellness in the future. We'll guide you through each option with detailed explanations and help you understand which path aligns best with your financial goals. Timestamps: 0:00 - Option 1: Do Nothing 1:21 - Option 2: Rollover to New Employer's Plan 2:10 - Option 3: Rollover to an IRA 4:23 - Option 4: Take a Distribution Essential Resources for Your 401(k): IRS 401(k) Retirement Topics - Termination of Employment: [https://www.irs.gov/retirement-plans/...] ▼▼▼▼ FEEDBACK ▼▼▼▼ Help me tailor my content to your needs by sharing your thoughts: [https://forms.gle/9ZuHMdgSgPcQTaKw9] Don't forget to like, subscribe, and hit the notification bell for more empowering financial guidance and strategies that put you in control of your financial future!