429: Do You Have Good 401(k) Hygiene?
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 29 March 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
Saving for retirement is enough of a challenge. Don't make it harder on yourself by losing track of your old investment accounts.
In this episode, we discuss:
- Four options for your old 401(k) accounts
- Proper ways to rollover your old 401(k)s
- The impact of Secure Act 2.0 on orphan 401(k)s
Today's article comes from Morningstar titled, Why You Should Clean Up Those Old 401(k)s. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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Show Notes: Howardbailey.com/429
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ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process
Transcript
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| 0:00.0 | New rules and regulations are going to be impacting your retirement account, specifically your 401ks. |
| 0:06.1 | Today, we're going to talk about what those changes are and what you can do about it. |
| 0:18.2 | Welcome to the Retireth Purpose Podcast. |
| 0:20.4 | This is Casey Weed. Where does my mission to deliver clarity and purpose and elevate meaning in your life. Now, here on the show, if you're new to the show, now if you've been around for a while, you know what to expect. But if you're new to the show, I want you to know what to expect. You know, we like to approach this conversation, both by focusing on the financial and focusing on the non-financial as well. |
| 0:39.7 | And we do that with some world-class guests that we bring to you every other Monday from around |
| 0:44.9 | the globe, all talking about things that will positively impact your retirement if you're listening |
| 0:50.4 | in. |
| 0:51.0 | And then every Friday, we like to get together with you. |
| 0:53.9 | And we talk about a |
| 0:55.1 | trending topic. This could be new rules, new regulations like we're talking about today. It could |
| 1:00.5 | have to do with the stock market or beyond even the softer side of retirement. And a lot of |
| 1:05.5 | these discussions that come out of information, blog posts, articles that we're putting in front of |
| 1:10.3 | you every single Friday |
| 1:11.6 | as part of our weekend reading for retirees email series. That's an email that we put together |
| 1:17.2 | here as a team, and then we send that out to you every Friday with four articles on trending |
| 1:23.3 | topics, summaries, my personal takeaways from those articles, in addition to all kinds of other |
| 1:29.2 | great resources. You have podcast highlights, white papers, book giveaways, all kinds of great |
| 1:34.5 | stuff that you'll receive as being a subscriber in addition to having the opportunity to help me |
| 1:40.2 | co-architect my interviews. So we reach out to our weekend reading subscribers about a week |
| 1:45.1 | prior to our actual interview and ask you to submit your questions so I can bring those into that |
| 1:50.7 | conversation. And if you've never signed up for weekend reading, we're also going to send you a |
| 1:54.9 | free digital copy of my Wall Street Journal bestselling book, job optional. Get yourself signed up |
... |
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