"How Do I Get My 401(k) From an Old Job?"

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 15 June 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Picture this: you have a job at a company with 401(k) benefits and then... you quit (or the job quits you). The good news is that money is still yours. But the retirement fairy won't just come and leave your 401(k) under your pillow. Nicole outlines the steps you need to take after leaving a job to make sure that your 401(k) is still working for you.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:07.0	It's time for some money rehab.
0:15.6	Everything has a series finale.
0:17.6	Bad bath and beyond, succession, and often our jobs.
0:22.3	But once the credits roll, we have to answer this question.
0:25.1	What happens next?
0:26.6	This is what money rehabber Amber wrote in to ask about.
0:29.2	Here she is.
0:30.2	Hi, Nicole.
0:31.2	I recently resigned from my job and don't know what to do with the 401K from my former
0:35.7	employer.
0:36.7	I'm a single mom and currently unemployed.
0:39.2	Do you have any suggestions on what I can do?
0:41.8	Thank you.
0:42.8	First of all, Amber, congrats on leaving your job.
0:46.6	We're tick, I know.
0:48.2	But I'm sure you spent a long time thinking about this decision and you have a very good reason
0:53.1	to leave, so good for you for doing what's best for you and your family.
0:57.3	A few things could happen next, but ultimately what happens is completely up to you.
1:01.9	So let's look at your choices.
1:03.4	Now you have a couple of things that we need to sort out about your financial situation.
1:07.8	Like do you have $5,000 or less in your 401K?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money News Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money News Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.