Episode 69: "The Treasure of a Hidden of Forgotten 401K"

💼 The Treasure of a Hidden or Forgotten 401K 💼Did you know the average person has 3 to 5 forgotten 401Ks? If you’ve ever changed jobs, there’s a good chance you’ve left behind valuable retirement savings without even realizing it! In this episode, we uncover the hidden treasure of old and forgotten 401K accounts—why they get left behind, the risks of managing multiple plans, and how to track them down. Plus, we break down your options: leaving it where it is, rolling it over, cashing out (and the penalties that come with it), or consolidating for a smoother retirement. Whether you’re a business owner juggling retirement plans or just want to simplify your accounts, this episode will show you how to reclaim and maximize your hard-earned money!Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇TIMESTAMPS00:00 The Treasure of a Hidden or Forgotten 401K04:30 Forgotten 401K – average person has 3 to 5 forgotten accounts08:27 Why people forget about their 401Ks15:20 Leaving work: Option #1 – Leave the 401k with your old job17:00 Option #2 – Roll it over to your new 401k plans18:10 Option #3 – Cash it out – but take the penalty & pay taxes18:30 Option #4 – Roll it over into an IRA 27:50 Risk & Issues that come with managing multiple 401Ks34:10 RMDs & a 401K when you’re a business owner35:30 Managing beneficiaries with Old 401ks41:35 How to search for old or forgotten 401Ks43:25 Consolidating 401Ks48:00 How to consolidate properly
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Learn the key components you need to include in your retirement plan. Check this video out: https://youtu.be/QkJzvbZ_gDs
#401Ks#Forgotten401Ks#LostRetirementAccounts#Social Security#Retirement#RetirementReady#SocialSecurityOptimization#FinanicalAdvisors#RetirementSavings#Retirement#HowtoPrepareforRetirement#RetirementTips#RetirementPlanning#RetirementStrategyDISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.









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