Should I Roll My 401(k) Over to an IRA?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 17 June 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Listen to how ordinary people built extraordinary wealth - and how you can, too. You’ll learn how millionaires live on less than they make, avoid debt, invest, and are disciplined and responsible! Next Steps: 💰Need Help with your investments? Click here to connect with a SmartVestor Pro. 🏠To learn more about how to plan for Retirement, click here 🏦To learn more about Investing, click here 🎓Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 💸 The Ramsey Show Highlights Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Carrie's with us in Eugene, Oregon.
0:24.0	Hi Carrie, how are you?
0:26.0	Hi, Carrie, how are you? Hi, thank you for taking my call.
0:28.0	Sure, what's up?
0:29.0	Well, I am about to change jobs temporarily, and I'm trying to decide do I move my 180K from my
0:38.0	current 401k to my new employer or roll into an IRA? Never. Always roll it to an IRA. Okay.
0:46.6	Because you've got 8,000 mutual funds to choose from literally.
0:51.0	Exactly. Yeah.
0:52.3	current 401k at your new job is going to have 12 or 14.
0:55.0	Exactly.
0:57.0	So part two, that question is 401k at the new job, knowing that I'm only going to be there two to three years while I finish my master's program.
1:07.0	Do I do the employer match?
1:10.0	Yes.
1:11.0	Or, or do I bump it up to Max contributions? Well, I max it if you, are you out of debt?
1:19.2	Yeah, we have, my husband and I make really good money. We have a house loan and other than not we're debt free.
1:26.0	Great cars, all the good stuff paying for college cash.
1:30.0	But way to go. I don't know whether I should
1:35.4	100%
1:36.4	a lot of things to you. Well I mean before we got married we've completed your
1:40.0	course because we wanted to do this right.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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