Should You Transfer Your 401k to an IRA

One of the most common questions is, “Should I transfer my 401k to an IRA?”

Before we dive in, please note that you should consult a financial professional before making any investment or financial planning decisions.

Today, I interview Susan Kroeger, CFP® and Social Security expert, about the insights you need to consider before you transfer your 401k to an IRA.

The insight you will learn will provide a better understanding of what to consider before making a decision.

In this episode, you will learn:

>> (5:37) What you should know and pay attention to when buying a financial product or service

>> (6:52) Considerations for moving a 401k to an IRA

>> (10:40) How does rolling a 401k into an IRA impact your estate plan

>> (12:15) Can you transfer your money from a 401k to a Roth IRA

>> (13:30) Considerations to manage your IRA and the fees

>> (16:11) Options for someone who doesn’t feel qualified to manage their retirement or investments

>> (18:50) Considerations to create a stream of guaranteed income

>> (21:16) Understanding the risk of investing in stocks

>> (25:28) What to do if you want to leave the money in an IRA to your kids

Every situation is unique and should be customized to your situation.

Before making any investment or financial changes, always consult a certified financial professional before doing anything. Today’s episode will help you better understand how a 401k can be transferred to an IRA and why someone would want to make a change or not.

Links Referenced in the Show:

The Retirement Plan Checkup:https://themillionaireinsider.com/rpc

Get your Free Financial Checkup:https://themillionaireinsider.com/fc

Show notes and more information:https://themillionaireinsider.com/80

This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.