================================
Sign up for email list here.
Get Your Own Pablo Retirement Gear:
Follow me censorship-free!
My course “Can I Retire” will help reduce your stress when it comes to retirement planning.
Get it here:
and don’t forget there IS a 30 day money back guarantee if you’re not satisfied!
Get my books on Audible here:
Want to support what I’m doing for $10 a month?
Join my SubscribeStar page!
My Amazon Product page:
Anything you buy there Amazon pays me a commission. Much appreciated!
GET MY BOOKS:
ALL are FREE to Kindle Unlimited Subscribers!
You Can RETIRE on SOCIAL SECURITY:
The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It:
Strategic Money Planning: 8 Easy Ways To Put Your House In Order
GET ALL MY LATEST BLOGPOSTS:
…(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Hi Josh – thanks for all of your videos. I watch everyday. I have a question: I have a fund called William Blair Small-Mid Cap Growth CIT and it has an expense ratio of .85%. Am I a fool to keep paying this high of an expense ratio? I have been thinking about this for a long time and cannot get myself to change it. I have $400,000 in it. Please let me know your thoughts and keep up the great work!
I disagree. NEVER BORROW FROM A 401K. IF YOU PLAN YOUR FINANCES TO DO THIS DO NOT CONTRIBUTE TO A 401K!!!!
I think few people know about the ability to access 401k at 55.
The answer is, it depends. Not all 401k plans are equal. I have had bad ones and good ones. If it is a good one, self managed allowed and low fees, roll it over to this. If it doesn't allow you to buy individual stocks and etfs, then roll it over to an IRA.
I guess I was always fortunate enough to have after tax cash on hand that I never considered borrowing against a 401k. When I left any job I always went to an IRA. It turned out the right decision for me.
Another benefit for higher wage earners, it is keeps the backdoor Roth path free from the pro rata rule
Wellington Admiral VWENX is down to 0.16% now, Josh. Way down from where it used to be.
Vanguard no fees!
I rolled an old 401k into an IRA and bought all Tesla stock. It was one of the smartest things I’ve ever done.
Rolling it to an IRA has the advantage of access to any fund/equity as opposed to what is available in the company’s plan.
On top of the expense ratio for the individual mutual funds, don't the 401k management companies charge an additional management fee ?
You can draw at 54 but have turning 55 that year.
Is Finney coming or going?
59+, what's the benefit of IRA over 401k (in general)? I have flexibility in my 401k through a brokerage account
My job 401k has a stable value fund that gives around 2% return, very stable, has not been negative in the past 20 years, I cant find that in any other funds, bonds are getting hammered. Plan to retire at 55, 40% into stable value, 60% S&P, that will get me until 70 and claim SS.
Finny is quite a dog boy he is a lucky dog and what a work out he is getting. Pablo must be thinking what is he doing running back and fourth. Lol.
My wife's 401k funds are horible. Many folks are always transferring their funds into other IRAs.
Hey Josh,
My 401K has Insane fees of an average of 1.00 to 1.59 percent versus of Vanguard .004 percent.
I disagree, but thats ok. I would roll to a IRA as you have more options. Thats what i have been doing the past several yrs, life of a govt contractor. once i leave a contract i roll that 401k into my IRA (doing a roth ladder as well). once i am with my last company a few months before retiring i do a reverse rollover back into that 401k and rule 55 all day long. just have to make sure your plan allows for it. But thats me, still a good video Josh!
At least you'll have one worn out puppy tonight
Ok what about if your 62. I still have 100 K in my 401k . Should I leave it or roll to a Roth or something? Give me a clue
If you retire…. Have two 401k funds… Your money and your smaller match fund from your employer…. Can you roll one into an IRA for starting Roth conversion or do you have to roll both / the entire 401k thanks Larry.
I’m 54 and was considering rolling an IRA into my company’s 401 K at Mass Mutual. After calling Mass Mutual, they informed me that my Company doesn’t participate in rule 72 T if I retire or resign at age 55? Any thoughts?
I wonder if I should take a 401k loan before I retire at 55. My 401k plan says when I terminate my job, I can continue to make loan payments. Most I could take out is 50k with a 59 month loan. This will help to avoid selling stocks at a loss in a down market when I retire at 55. hmmm
Create an LLC and a corresponding self directed or solo 401K and then roll it into there. Best of both worlds. You get the ability to invest in any index fund or ETF you like, as well as individual stocks, very low fees and all the benefits of an employer 401K.
I got distracted by the dog racing back and forth and so maybe this was already mentioned but to me the most important reason to keep the funds in a 401k is it allows you to do a backdoor Roth without having to worry about the prorata rule which would apply if you have funds in a traditional IRA. I don't hear this mentioned much by financial planners (probably because most want you to rollover your funds to an IRA so they can manage it; Josh is clearly an exception).
Great videos! Question, what about rolling over to an IRA and doing Roth conversions? It gives you access to the funds you convert to Roth five years from the conversion date regardless of age.
My daughters Rottweiler does the same thing for hours
Some companies if you leave at 55 you have access to your 401k money without penalty. So is might be a good idea to keep sone there if that is the case so you can access to cash if you need it