What to Do With Your Old 401(K) (Step-By-Step!)
The Personal Finance Podcast
Don't Touch Your 401k Early
A 10% penalty is massive depending on how much is in your 401k. Every $10,000 you're facing a $1,000 penalty. In addition to taxes which your tax rate is going to be anywhere from 15 to 30%. Uncle Sam is going to want their money when you pull that money out of the 401k.
In this episode of The Personal Finance Podcast, we’re going to talk about what to do with your old 401(k) at work.
Download the Step-By-Step 401(K) Rollover Guide Here!
Join Our Newsletter here!
Learn to Invest with Index Fund Pro! Our complete step-by-step guide to investing! https://mastermoney.co/index-fund-pro/
Thanks to Our Amazing Sponsors!:
- Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/pfp.
- Thanks to Ka’Chava For Sponsoring the show! Go to kachava.com/pfp and get 10% off on your first order.
- Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp
- Policygenius: This is where I got my term life insurance. Policygenius made is so easy. To get your term policy go to policygenius.com and make sure your loved ones are safe.
Checklist of relevant episodes:
- Should I Take Money From My 401(K) to Pay Down Credit Card Debt? Money Q&A
- Roth 401(K) Vs Traditional 401(K): Which Should You Consider Based on Income!
- How to Access Your Retirement Funds Early!
- How to Become a 401(k) Millionaire
Personal Finance Youtube Channel
https://www.youtube.com/@thepersonalfinancepodcast
FREE GUIDES:
==============
- Free Ebooks here: https://mastermoney.co/resources/
-Check out the free guide on where to put your money in what order!
https://www.mastermoney.co/stairway-to-wealth
-Here is the free How to Ask for A Raise ebook!
https://www.mastermoney.co/get-a-raise-ebook
-Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge
=============
We have a YOUTUBE channel! Check it out here!
Our Latest Videos:
How To Grow A Podcast Organically
What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!)
How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?)
Pre-tax moves for high earners
Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me.
============
Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts!
============
Check out all the Stuff I Recommend!
Check out all my favorite Credit Cards https://milevalue.com/top-offers-mastermoney/
USEFUL RESOURCES:
- The Year-End Money Checklist https://mastermoney.co/year-end-money-checklist/
- The 75 Day Money Challenge https://mastermoney.co/75-day-challenge/
- Finally, Get That Raise https://mastermoney.co/resources/
============
DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
============
Check us out on social fam!
www.thepersonalfinancepodcast.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
Learn more about your ad choices. Visit megaphone.fm/adchoices
Learn more about your ad choices. Visit megaphone.fm/adchoices
The AI-powered Podcast Player
