Episode 26: What Should You Do with Your 401k When You Retire?

Today your host Josh and co-host Michelle talk about what you should do with your 401k when you retire. Takeaways:  • One sign you have a bad 401k plan is high fees, or costs • If your 401k plan sends you a check for a rollover, you have up to 60 days to deposit it into an IRA or you’ll owe income taxers, – if you’re rolling over a pre-tax 401k, it has to go into a pre-tax traditional IRA • If you do a Roth Conversion of a pre-tax account and pay all or most of the taxes due up front, you need to have enough of a time horizon for your investments to make up the amount of money paid in taxes