What should you do with a 401K once you retire?

Or if you have left a previous employer, what should you do with that 401K?

That's what we're going to be talking about during today's episode.

And really, when I say 401K, that applies to a 403B or a 457,

depending on the type of retirement investment vehicle you are using.

So I'm going to hop into today's episode after a few quick

announcements. Number one, being this episode was prompted by a listener question. That comes from Frank.

Frank says, Ari, enjoy the show and appreciate your easy to digest information. You're welcome,

Frank. Frank goes on to say, can you please do an episode on what on earth I should do once I no longer

have my 401k if I'm not working at my employer. So yes, Frank, I'm doing an episode on that today.

Number two is if you are looking for more information in a different digestible manner, I am doing

all of this and more on YouTube. So feel free to check that out by typing early retirement

into the YouTube search bar. Now, let's hop into today's episode going over what on earth you do

with a 401 once you retire. Well, there are always options. So remember, there's always options.

You can leave your 401. You can move your 401k, but what are those options? What are the tax implications?

So let me break out and start by just going over a few basic things that if you're listening to this, going, yeah, I don't know what to do with my 401k in the first minute or two, I hope to answer this question. And then, as always, I'm going to go through an example, as well as a few stories to illustrate my point. So number one, when you think of a 401k, you have a few options. You can, of course, leave it there and continue to take out distributions. If you are retired, you can not do that. And you can say, you know what, I don't want to leave it at my previous employer. Take an example of, let's pretend you've been working for a company and your 401k is at fidelity you can leave it at fidelity and take distributions from there the issue with that there are often higher fees

and i did a full episode on this called four hidden fees within your 401k that was maybe six or eight

weeks ago now so feel free to check that out however when it comes specifically to your 401k, you can also

roll it over into an IRA. So why do people do that? Let's pretend you leave your employer and you

want to move your funds to an IRA. Maybe you heard a neighbor or a friend talk about the ability to do

that. Well, here's what that means. That means you can now invest in whatever it is you would like.

You no longer are just

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