Nov 20, 2018
Did you know? The average cost per year for a 401(k) participant is 2.2% of their account balance, according to SmartAsset.
This number is rapidly declining, but even if you cut it in half, it would still be concerning.
When you leave a company, you have three options for dealing with your 401(k):
- Leave it at your previous employer
- Transfer it to your new employer
- Roll it over to an IRA at a trusted custodian
And, given how much you might be paying in fees, I don't recommend neglecting this part of your financial plan.
In today's podcast episode, we talk about each of these options and help you decide which is best.
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Find show notes and more information at http://www.staywealthysandiego.com/35
DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.