What Do I Do With the 401(k) From My Old Job?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 10 September 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

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, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsay every day millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:12.0	Let's start off this hour with Rochelle and Fayetteville Arkansas.
0:17.8	Hi Rochelle, welcome to the Ramsay Show.
0:20.5	Hello, thank you for taking my call.
0:23.7	Sure.
0:24.7	What's up?
0:25.7	I have put a job after 30 years and I have a 4-1K plan in it.
0:33.8	And I do not know what to do with that money.
0:37.1	I have to take it out.
0:38.6	And I'm not in retiring age or anything like that.
0:43.4	And I need to know what to do with it.
0:45.7	Okay, good.
0:46.7	How much you got in there?
0:48.5	85,000.
0:49.5	Oh, this is pretty important, then.
0:52.8	Yeah, okay.
0:55.8	There's a couple of rules that I want everyone to learn about investing.
1:02.3	Number one, you do not put money in things you do not understand.
1:08.1	Just because I understand them or Christy understands them, that doesn't make it okay.
1:12.2	You've got to understand it.
1:16.6	So once you do, and it's not that difficult, it's not like you have to go get a degree
	...

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