401(k): What Happens When You Retire S.4 | Ep. 412
You've been saving money for your entire career so you can enjoy your golden years. Not sure what happens to your 401(k) when you retire? Financial expert Joe Anderson and Alan Clopine break down the options as well as the pros and cons of the various options. The duo also explains how to avoid penalties that could take a significant amount of money out of your retirement savings. They also discuss what happens to your 401(k) once you pass away and what the options are for your loved ones.
Important Points:
(1:00) - 401(k) Participants and Plans
(3:20) - The Basics of 401(k)
(4:10) - 401(k) Matches
(5:46) - Roth Option
(7:38) - True or False? There are penalties if I roll my 401(k) to a Roth IRA before I'm age 59 1/2.
(10:45) - Countdown to Retirement
(11:59) - What happens to your 401(k) upon retirement?
(12:25) - Pros & Cons of Leaving your 401(k) with your Employer upon Retirement
(14:00) - Pros & Cons of Rolling your 401(k) to an IRA upon Retirement
(17:30) - 401(k) Penalties
(19:24) - True or False? At age 70½ I can no longer contribute to my Company’s 401(k).
(20:20) - Transferring your 401(k) or IRA to your loved ones upon your passing
Broadcast Date: June 11, 2017
If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/
Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” https://www.youtube.com/subscription_center?add_user=PureFinancialCFP
Channels & show times: http://yourmoneyyourwealth.com
https://purefinancial.com
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthTV
Видео 401(k): What Happens When You Retire S.4 | Ep. 412 канала Your Money, Your Wealth
Important Points:
(1:00) - 401(k) Participants and Plans
(3:20) - The Basics of 401(k)
(4:10) - 401(k) Matches
(5:46) - Roth Option
(7:38) - True or False? There are penalties if I roll my 401(k) to a Roth IRA before I'm age 59 1/2.
(10:45) - Countdown to Retirement
(11:59) - What happens to your 401(k) upon retirement?
(12:25) - Pros & Cons of Leaving your 401(k) with your Employer upon Retirement
(14:00) - Pros & Cons of Rolling your 401(k) to an IRA upon Retirement
(17:30) - 401(k) Penalties
(19:24) - True or False? At age 70½ I can no longer contribute to my Company’s 401(k).
(20:20) - Transferring your 401(k) or IRA to your loved ones upon your passing
Broadcast Date: June 11, 2017
If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/
Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” https://www.youtube.com/subscription_center?add_user=PureFinancialCFP
Channels & show times: http://yourmoneyyourwealth.com
https://purefinancial.com
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthTV
Видео 401(k): What Happens When You Retire S.4 | Ep. 412 канала Your Money, Your Wealth
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