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Jill on Money with Jill Schlesinger

Old Retirement Plan Options

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 8 October 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

I have an old 401(k) that's still with the old employer, and I'm wondering what's the best course of action? Leave it or roll it over?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Show.

0:05.7

It's Saturday, October 8th.

0:07.6

And we are here.

0:09.3

We, Mark, and I are here to help you navigate your financial queries.

0:16.0

I like that word mark, query questions.

0:18.4

Okay, whatever.

0:19.1

Query question, whatever's on your mind.

0:22.3

And to do that,

0:31.0

we ask you to go to our website, jillonmoney.com, and there is a rectangular blue box in the top right hand corner that says, contact us. When you click on that, you get a form, complete the form.

0:37.3

If you're the kind of person who you don't think wants to be on the air, if you're just sort of shy, give us a lot of detail. If you would like to join us on the program, just check the box that says, I want to come on the program and Mark does everything else. That is what Lisa did. Lisa joins us from New Jersey. Hey, Jill. Thanks for taking my call.

0:57.0

Sure. I have an old 401k, still at an old employer, and I wanted to know what is the best thing to do.

1:05.7

Should I leave it there? Should I roll it over to my current employer? Should I roll it over?

1:09.6

We currently have other accounts of fidelity. Should we roll it over into that current employer? Should I roll it over? We currently have other accounts of fidelity.

1:12.3

Should we roll it over into that?

1:13.7

Hmm.

1:14.2

Let me ask you a quick question.

1:15.8

So first start with old employers 401K.

1:19.8

Where is that plan held?

1:21.3

What firm holds that?

1:23.8

Truthfully, I don't know.

1:25.2

Okay.

1:25.7

You're working now.

...

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