1-5-2021: The Costly Mistakes To Avoid When Rolling Over A 401(k)
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 26 May 2021
⏱️ 46 minutes
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Summary
Both 401(k) plans and IRAs have the common purpose of letting you put away tax-advantaged savings for retirement, but before you move your money, be sure to know the rules.
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley, President, KPP Financial, |
| 0:12.6 | Independent Thinking, Shared Success, and out today's podcast. |
| 0:22.1 | Good afternoon, fellow investors, and welcome to Invest Talk and Happy New Year to all |
| 0:28.8 | of you. This is our Tuesday, January 5th, 2021 edition of Invest Talk, and it is my first |
| 0:37.5 | show of the year. And for many of us, I'm sure we're glad 2020 is behind us. And there |
| 0:48.0 | we, with the new year, because it comes new challenges. But the moving parts that are |
| 0:54.8 | needed to make good decisions in the new year, haven't changed much, right? There's still |
| 1:03.6 | the pandemic going on, market gyrations, and the world economy affecting the companies |
| 1:10.7 | in which we invest. You can't afford to let your guard down. And we've now had two vaccines |
| 1:19.7 | approved for distribution here in the U.S., but we're also seeing a new strain. So, another |
| 1:26.6 | love, how you don't know what you have now, right? You don't know what's ahead. Can do |
| 1:37.2 | is understand that risk and opportunities are always being presented. And you must identify |
| 1:47.3 | both. It's our job. It's your job. And our job here in the show each, every week, is to |
| 1:56.4 | help you identify both. Understand both. So, one thing I can say for sure is that you have |
| 2:08.0 | to be prepared for opportunity and risk. And learn how to adjust your portfolio accordingly. |
| 2:18.0 | I'm Justin Klein. And on today's program and podcast, I'm going to do my best to provide |
| 2:26.0 | you with unbiased answers to your finance and investment questions. I know you want |
| 2:31.8 | to need strategies to help fine-tune your portfolio. And it's my goal of individual financial |
| 2:41.9 | freedom. So, I'm here ready to take your calls at 8-899-SHART. 8-899-2427. I get through |
| 2:50.3 | and ask your question on today's show. And I urge everyone to call that number sooner |
| 2:55.3 | rather than later. Even if you're listening after hours, get your call in and we will |
| 3:01.5 | answer it on a future show. Or you can listen to us live. You're listening live. Fort |
... |
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