#17 - Options for Your Old 401(k): How to handle your 401(k) once you are no longer employed with your past employer | Listener Question

The Fiscal Physical Podcast

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Have you ever found yourself at a career crossroads, pondering the fate of your 401(k) and feeling lost in the sea of financial decisions? Fear not, as we've summoned the wisdom of Ryan Nelson from Alchemy Wealth Management to navigate these choppy waters. Together with my co-host, Aaron Hoisinton, we dissect the maze of options that lie before you when you bid farewell to your employer. From cashing out (beware the tax beast!) to the ease of leaving funds put or the strategic move of merging with a new job's plan, we scrutinize each path and its impact on your financial future. And if you're craving investment variety, we spill the secrets on how an IRA could be your ticket to a diversified portfolio.
Then, we shift gears and hone in on the nitty-gritty of retirement account rollovers. Do you bet on the new employer to shield you from those sneaky 401(k) fees, or could an IRA offer you the investment smorgasbord you've been dreaming of? As Ryan shares his expertise, we examine how your choice between a 401(k) and an IRA can be a game-changer for your financial tactics, spotlighting the implications for Roth conversions and those elusive backdoor contributions. We've armed you with the insights to make an informed decision that aligns with your financial aspirations. So tune in, and let's chart a course to a retirement plan that's as tailored to you as your favorite suit.

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1. Old 401k Options After Leaving Employer (00:00:01)

2. Options for Retirement Account Rollovers (00:09:41)