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What to Do with a 401k After Retirement - Educational Series
Next up in the Modern Wealth Management Educational Series is What to Do with a 401(k) After Retirement with Chris Rett, CFP®, AIF®.
In this webinar, Chris will discuss:
• Taking distributions or leaving money in your 401(k)
• Rollovers to IRAs
• RMDs
• And more
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Schedule: www.modwm.com/...
Learn more about Modern Wealth Management: modwm.com/?utm...
Пікірлер: 8
The 60 day rule does not apply to Direct Rollovers, only to Indirect Rollovers (which are essentially a Cash Distribution from the 401(k) followed by a rollover to the IRA by the individual within 60 days) and Indirect (60 day) Rollovers from a 401(k) are not generally a good idea due to the 20% federal withholding requirement.
I ve heard advisors say if you will need some money soon just do withdrawal of that portion? Why go thru conversion process then take it out soon? Don't raise flag🚩 for IRS!
0:20 should be *you’re*
60 days from what?
If I am 69 years old and getting ssa pension, can I changed my 401k to a other plan or do I have to keeping on my former employer brokerage? Thanks.
@AmericasWealthManagementShow
3 ай бұрын
Thanks for your question, Vicente. You can change your 401(k) to another plan as long as your current employer plan will accept. If you hold any Net Unrealized Appreciation of previous or current employer stock, that is also something to consider. Thanks for watching!
And also 2 times 2 equal 4 👍
Rule 1 Dont hire an advisor No disrespect, but 2x ive tried. 2x i lost. Last time I was approached, the firm showed me a return that would cost me $1,000 a month… and made 4% less than what i did. Im no genius.