Is a Simple 401k Mistake Costing You Millions? (SB1555)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Joe Saul-Sehy | Cumulus Podcast Network and StackingBenjamins.com | Cumulus Podcast Network 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.

3M ago 1:02:03

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You've played the game by the rules...moving your money from a 401k to an IRA when you change jobs (which happens in the USA far more often than you'd think). But are you forgetting a "step two" that could cost you over a million dollars? A recent Wall Street Journal piece says that you may be making a HUGE mistake. Today we'll break down where people are getting it wrong so that YOU aren't stuck with a much smaller retirement nest egg than you'd hoped or expected.

We also take a question from a Stacker who's accepted a "job" that pays her as a 1099 "employee." How does she make sure she doesn't owe too much in taxes at the end of the year? In general, how should she set up her money now that she's going to be responsible not just for taxes, but for her own benefits and more? We'll help her (and maybe you, if you ever decide to start your own business or side hustle) take control of her money so that she's in great shape come tax time and beyond.

Of course, we also share Doug's amazing trivia question AND a TikTok minute that might mess with Doug's brain.... (not too difficult, really).

FULL SHOW NOTES: https://stackingbenjamins.com/401k-rollover-mistakes-to-avoid-1555

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

Enjoy!

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