Today, we hope to shed light on the pros and cons of 401K rollover & some common pitfalls you need to avoid! If you’re getting closer to your RMD date and want to learn more about 401K rollovers, this video is for you!
Chapters:
0:00 – 0:23 Introduction
0:24 – 2:38 Failing to Consider Pros & Cons of a Rollover
2:39 – 2:52 Can’t Rollover All RMDs Into IRA
2:53 – 3:26 Not Using Direct Rollovers
3:27 – 4:08 Forgetting the 10% Penalty Tax
4:09 – 5:04 Net Unrealized Appreciation (NUA)
5:05 – 5:41 The 5 Year Requirement
5:42 – 6:28 Don’t Forget About Surrender Charges
6:29 – 6:56 Conclusion
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