The Case Against Rolling Your Workplace Plan to an IRA

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 19 March 2019

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We're answering your letters today, but first, we'll tackle a headline about the case against rolling over your 401(k) plan to an IRA. Most of us have heard why you should roll it over. Let's now hear the flip side. With points such as the lack of a stable value fund, the fact that many IRA advisors are just salespeople, and 401(k) plans in general beat IRA performance, the author makes many points which, on the surface, sound like an open-and-shut case. But is that really ALL of the argument? We'll discuss it today! Plus, also in our headlines segment, one special interest group who loves fiduciary rules is arguing against one state that's trying to put them into place. Do they have a good argument? What does that mean for advisors helping you with your planning in general? We'll also tackle that big topic. But then, we'll spend most of the show on your letters, which today include a TON of Roth IRA questions, among others. How should you set up your Roth? What about the 5 year rule? How should you invest your money inside of your Roth? We'll answer those, plus throw out the Haven Life Line, fire up Doug's trivia question, and more. Today's episode is a great way to celebrate the first day of spring! Thanks to the Murder Book Podcast for supporting StackingBenjamins. Check out Michael Connelly's new Murder Book podcast wherever you get your podcasts, or at MurderBookPodcast.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Meta for Work.
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0:23.0	Meta for work. Work smarter, closer, safer, together.
0:27.0	Visit forwork.com to learn more.
0:30.0	Hey there Stackers, we are trying to meet some more of you. We're going to be here in our hometown of Detroit watching March Madness together.
0:41.0	OG is going to be here. I'll be here. R.
0:44.3	producer. Of course, my mom's neighbor, Doug, wouldn't miss it because we're
0:48.6	buying appetizers and drinks for everyone. We will be in West Bloomfield, Michigan. We tried to pick a spot
0:56.8	that's very close to highway access and if you come north on M5 from the 696-275-96-96-96-96-
1:04.7	and for those of you outside of Detroit you've no idea what I'm talking about
1:10.4	but if you're in Detroit you know exactly where I am
1:12.3	just head north on M5 that dumps you off talking about. But if you're in Detroit you know exactly where I am just
1:13.0	head north and M5 that dumps you off near Maple and the address we're
1:19.2	going to be at will be at Jameson's International Tavern from two o'clock to 7 this Friday.
1:24.2	We're going to watch a couple games, we're going to give away some fun stuff, we got some
	...

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