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Deciphering Your 401(k) in Retirement: What's the Best Move
Manage episode 407501689 series 3561334
Kevin Madden에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Kevin Madden 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Today, we tackle a question that looms large in the minds of many pre-retirees: What should you do with your 401(k) when retirement is on the horizon? It's a question that deserves careful consideration, and Kevin shares his expertise on the matter.
Kevin starts by addressing a recent Vanguard study, which found that 30% of people cash out their 401(k) plans at age 50 or later. Is this a good idea or a bad one? Kevin's take is clear: it's generally better to roll your 401(k) into an IRA as you approach retirement. This strategy allows you to continue deferring taxes and opens up a world of investment opportunities beyond what's typically available in 401(k) plans.
He highlights the concept of an "in-service distribution," which is a little-known option in some 401(k) plans that lets you move your money out while still employed, giving you access to a broader spectrum of investment strategies. From annuity contracts to individual stocks, this flexibility can be a game-changer for your retirement portfolio.
#retirement #financialplanner #financialliteracy #wealth #fyp #podcast #taxes #income
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