401k Rollover Options: Rollover to IRA, Roth IRA, New Employer, or Leave It?

by Retirement Advisor | Jan 27, 2023 | Backdoor Roth IRA

This video will cover the options available to you with your 401k when you change jobs or retire. We’ll walk through each option and give you some pros and cons to consider. You can leave the 401k in your old plan, roll it over to a Traditional IRA, Roth IRA, or to your new employer’s 401k. We’ll talk about how this strategy might help you if you’re looking to do a backdoor Roth conversion.

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🕒 TIMESTAMPS 🕒
00:00 – Intro
00:40 – 5 rollover options
01:58 – #1-Keep the 401k in the old plan
04:37 – #2-Roll over into Traditional IRA
08:00 – #3-Roll over into Roth IRA
09:45 – #4-Roll over into new 401k
11:35 – #5-Cash out your 401k

Disclosure
The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Wealthfront Advisers and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors to discuss tax-related matters specific to their situation. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser, and brokerage products and services are provided by Wealthfront Brokerage LLC, Member FINRA/SIPC.

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