Episode Details
Back to Episodes
Leaving a Job? Your 401(k) Options and What Cashing Out Really Costs
Description
In today’s episode, Ralph Estep Jr. and Juliet focus on what to do with your 401(k) when you leave a job, and why cashing it out can cost far more than most people expect.
In This Episode
✓ The FTC sends $15.8 million in Cleo AI refunds by PayPal
✓ Consumer confidence jumps to 91.7 as gas prices ease
✓ Debt payments eat 52 cents of every dollar of income gain
✓ Carla’s $3,800 ER bill in collections and what to ask for first
✓ Your four 401(k) options after leaving a job
✓ Why cashing out can cost around 40%, and the 60-day rollover trap
If you’ve ever left a job and wondered what happens to your 401(k), this episode walks you through every option.
Resources
Watch live:
https://www.becomingfinanciallyconfident.com/live
Giveaway:
https://www.becomingfinanciallyconfident.com/giveaway
Book a call:
https://www.ralphestepjr.com/schedule
Year-End Personal Tax Review:
https://www.becomingfinanciallyconfident.com/yearend
Be on the show:
https://www.becomingfinanciallyconfident.com/stuck
IRS rollover rules:
FTC Cleo AI refunds:
https://www.ftc.gov/enforcement/refunds/cleo-ai-refunds
Follow Becoming Financially Confident
LinkedIn:
https://www.linkedin.com/company/becomingfinanciallyconfident
Facebook Group:
https://www.facebook.com/share/g/1HpWqv8jp9/
Instagram:
https://www.instagram.com/becomingfinanciallyconfident
Skool Community:
https://www.skool.com/becoming-financially-confident-7556
Have a money question?
Send it here:
becomingfinanciallyconfident.com/voicemail
Companies Mentioned
Cleo AI
PayPal
Fidelity
Vanguard
Jeep
Kubota
Apple