Ramsey Everyday Millionaires How Do I Choose the Right Investments in My 401(k)?
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Sep 22, 2025 Explore how to maximize your 401(k) by rolling over old accounts into IRAs and diversifying with mutual funds. Learn the importance of not letting your retirement cash sit idle, with real-life examples to illustrate potential gains. Get practical tips on consulting a SmartVestor Pro for personalized investment advice. Discover the disciplined habits of millionaires who successfully build wealth while living below their means.
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Caller’s Situation And Timeline
- Craig is almost 59, unemployed, and asking whether to use mutual funds or ETFs for his 401(k).
- He plans to look for a job within about three months but has been laid off for a year.
Roll Old 401(k) Into An IRA
- Roll old 401(k) funds into an IRA if you don't need the cash to live on.
- Meet with a SmartVestor pro to learn investment options and stay engaged with your portfolio.
Missing Market Years Costs Big
- Market returns can dramatically change long-term outcomes if you miss years of growth.
- Missing strong market years can cost you hundreds of thousands in retirement growth.