"How To Money" With Joel Larsgaard

"How To Money" With Joel Larsgaard

Listen to "How To Money" With Joel Larsgaard on Sundays from 12 PM to 2 PM.Full Bio


Money Move of the Week

Retirement Account Statement And Pie Chart

Photo: Getty Images

This week's Money Move of the Week is about moving your old retirement account after you leave a job.

Now this advice isn't for everyone. For example, if you have a 401(k) with a discount provider such as Fidelity and Vanguard, it's a good idea to just leave your money there. But if you have a retirement account that isn't with one of the big discount providers, rolling it over into a Roth IRA might be a good idea for you.

Something you need to keep in mind, though is that many companies make what should be an easy process complicated and difficult. That's where other companies such as hicapitalize.com come in to make an easier and smoother transition. You can read Joel's review of his experience with them here.

The one thing you should not do is cash out your 401(k). If you're under the age of 59.5 you'll be paying a lot of fees and you'll be missing out on future returns.

To get more money advice, check out the 'How to Money' newsletter and website.

You can also listen to this week's episode below!

Sponsored Content

Sponsored Content