it's brian presston the money guy

restoring order to your financial chaos

retirement investing taxing

you've got financial questions he's got financial answers

it's brian presston the money guy

this next question is from chris

uh... chris said assuming no special fees are incurred

are there any major cons to leaving your 401k at your previous employers

provider if they allow it

uh... and being fragmented versus rolling it uh... the new into the new 401k

of a current job so

uh... when you leave an employer we really have sort of three options you

notice i don't say four we have three options of things that we can do with

it

uh... we can do the roll it into an ira rollover

which has some stuff that you'll talk about

we can leave it where it is in the 401k or if we're going to a new employer

that has another 401k plan we can roll it into that 401k plan

you notice i did not say we cash it out because that's never an option don't

do that that's not good especially if you're under fifty nine and a half

so how do you decide

what you do and what are the implications with each of those three

...