4.6 • 1.8K Ratings
🗓️ 12 July 2024
⏱️ 16 minutes
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0:00.0 | Welcome back to Finance Friday. Another special edition of Money Girl where I answer your |
0:10.4 | burning money questions. Today's topic comes from Jesse F who says, I'm 52 and |
0:16.8 | self-employed and my wife is 51 and works for a hospital. We recently moved from |
0:22.4 | New Mexico to Florida. What do you recommend I do with my |
0:27.2 | 401k from my former employer? Well thank you for your question Jesse knowing what to do with an old retirement plan |
0:35.2 | from a former employer whether it's a 401k 403 B or 457 it can be confusing. But handling that old account wisely is essential for your |
0:47.1 | financial future. So this podcast will answer your question by reviewing the best options for an old retirement account. |
0:55.0 | Welcome back everyone and thanks for joining me. I'm Laura Adams an award-winning |
0:59.2 | author, finance spokesperson, money speaker, founder of the Money Stack newsletter, and host of the Money Girl |
1:05.6 | Podcast with 43 million downloads. |
1:09.0 | If you are interested in learning more about investing. My smart investing master class is coming up soon. |
1:16.8 | If you are interested in joining and registering for that event that's going to be in August, |
1:22.1 | be sure that you subscribe to the |
1:24.2 | money stack newsletter. I'll be sending out more information about that with a |
1:28.8 | link where you can sign up. It's easy to sign up for the money stack newsletter and learn more about my books, my |
1:35.7 | debt and credit online money courses, and how to work with me when you visit my website |
1:40.8 | Laura D Adams.com. So when we talk about dealing with a retirement plan at work, |
1:48.1 | I always like to make sure to cover the topic of vesting because it really is important when you're making a decision. |
1:54.9 | So before you decide to leave a job, it's essential to understand how your vesting schedule |
2:00.0 | works for your company benefits, like a retirement plan and any stock incentives that you may have. |
2:05.8 | Vesting is a tool that companies use to keep their employees from leaving. |
2:10.8 | So when you have a workplace retirement plan like a 401k, you own it plus any |
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