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Money Girl

388 MG What Is a Reverse Rollover for Your 401k?

Money Girl

Macmillan Holdings, LLC

Entrepreneurship, Education, Investing, Business, How To

4.61.8K Ratings

🗓️ 4 February 2015

⏱️ 13 minutes

🧾️ Download transcript

Summary

Money Girl answers a listener question by explaining what a reverse rollover is, who should consider one, and the 10 main pros and cons to keep in mind before pulling the trigger. Read the transcript: http://bit.ly/1KkA7Bc

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to the Money Girl Podcast. I'm Laura Adams and I'm on a mission to help

0:09.4

you live rich and love the journey. This week I'll answer a great question about doing a reverse rollover that came in from a show listener.

0:18.0

But first, I'm really glad to announce that I recently completed a pretty big project,

0:23.8

which was redesigning my personal website

0:26.2

at Laura D Adams.com.

0:28.7

I'm still tweaking it here and there,

0:30.2

but I hope you'll check it out,

0:31.3

let me know what you think. I thought the tools

0:33.4

page turned out really well. That's something I'm continually updating as I find

0:38.4

the best recommendations for you and I'm still offering two free chapters from my book, Money Girl Smart Moves to Grow Rich.

0:46.0

So if you haven't gotten those yet, don't miss it.

0:48.0

And of course, there's a contact page on LauraD Adams.com where you can send me your comments and money questions.

0:55.1

That's exactly what Michael did, who sent me this question and I took the liberty of

0:59.5

shortening it just a little for the show.

1:02.1

He says,

1:02.8

when I left my company last year, I rolled over my old 401k

1:07.3

into a traditional IRA. This week I accepted a new job

1:11.4

with a great company that offers a 401k with matching funds.

1:15.0

Should I reverse rollover the funds from my IRA into my new 401k when I'm eligible to participate. Congratulations on your new job, Michael.

1:26.0

In this episode, I'll answer that great question by explaining what a reverse rollover is,

1:31.0

who should consider one, and the 10 main pros and cons to keep in mind

1:36.0

before pulling the trigger.

...

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