What Should You Do With Your 401k When You Retire?

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 7 February 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses what you should do with your 401(k) when you retire. Questions Answered: What are the best ways to reduce fees in a 401(k)?Should you move your 401(k) elsewhere?How can your overall retirement strategy be improved?Timestamps: 00:00 - Introduction 1:45 - Listener Question 3:23 - 401(k) Hidden Fees 7:52 - Gaining More Control 9:45 - Investment Options 13:40 - Clunky Planning 17:03 - After-Tax Contributions 21:05 - Net Unrealiz...

Transcript

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0:00.0	Discover the tips and strategies that will help you achieve your retirement goals.
0:09.3	I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.
0:14.3	It all starts right here on Ready for Retirement. retirement.
0:29.4	Hi, everyone.
0:31.6	Welcome back to another episode of Ready for Retirement.
0:32.8	I'm your host, James Knoll.
0:38.6	On today's episode, we are going to be talking about what should you do with your 401k when you retire.
0:42.3	And before you start thinking, hey, this is a very simple, basic question.
0:43.4	I already know the answer.
0:46.3	Make sure you stay tuned through the end of the episode.
0:54.1	I'm going to talk about a few key mistakes people make because they don't consider all their options when it comes to making this decision.
0:57.2	So this episode is based on a listener question.
0:58.9	This listener question comes from Keith.
1:00.3	Keith says this.
1:04.2	He says, James, let me first thank you for figuratively accompanying me on my commute to and from work over the last several months.
1:06.9	Your podcast is excellent, and I'm not shy about recommending it whenever someone,
1:10.8	even total
1:11.3	strangers, express concern or question about how to successfully prepare for their golden years.
1:16.6	Thank you, Keith.
1:17.1	I appreciate that.
1:18.3	He then goes on to say, I'm in the final months of preparing for retirement at the age of 60.
1:22.8	I have a decent-sized 401k, and I am totally unsure what to do with it, if anything, upon retirement.
	...

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