Should I Rollover My 401k to IRA 🤔 || 401k to IRA Rollover Pro’s & Con’s

by Retirement Advisor | Feb 10, 2023 | Rollover IRA | 2 comments

Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro’s & Con’s

In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning.

I want to look at the pro’s to rolling over a 401k and also the con’s to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA.

Let’s talk about when you should NOT rollover your 401k to an IRA:
1. You are still working and are under the age of 59.5
2. You are 55 and considering retirement (Rule 55)
3. Increased creditor protection in a 401k
4. 401k’s offer loans–IRA’s do not offer loans

Why you SHOULD rollover your 401k to an IRA
1. More investment choices in IRA over 401k
2. Lower investment fees
3. Convert IRA to Roth IRA (Roth IRA Conversion)
4. Consolidation from multiple 401k’s to single Traditional IRA

If you have an old 401k with a previous employer you have 4 options:
1. Leave the 401k at the old 401k plan
2. Roll the 401k to your new 401k
3. Cash out your 401k
4. Roll your 401k over to an IRA

**Free Retirement Download: The Roadmap to Retirement:** 📊

Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for “retirement planning at 30″, “retirement planning at 40″, “retirement planning at 50″, or even “retirement planning at 60″ understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement.

Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called “Your Financial EKG™.” What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50’s, You Financial EKG™ is a great tool to help you understand where you are retirement planning. retirement planning and retirement income strategies shouldn’t be complicated. They should just be done right.

Click Here For More retirement planning Videos: 🙌

**Ready to get your personalized Financial & Retirement EKG: **🚀

**To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: ** ☎️

**Enroll in the FREE “Your Financial EKG, Can I Retire” Course: ** 🏫

**Visit our Website: ** 🖥

**Connect with us on Facebook: ** 👍

**More Retirement Information Here: ** 🧐

**Meet Your retirement planning Team: ** 😎

**Worried That Your Retirement Strategy Is Missing Something: ** 🤔

❌ **Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.** ❌

Pearl Wealth Group
Drew Blackston, CRC® & RFC®
Office: 813-807-5060
Info@pearlwealthgroup.com

Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!

#retirementplanning #retirement #financialfreedom…(read more)