Did you know? The average cost per year for a 401(k) participant is 2.2% of their account balance, according to SmartAsset.
This number is rapidly declining, but even if you cut it in half, it would still be concerning.
When you leave a company, you have three options for dealing with your 401(k):
- Leave it at your previous employer
- Transfer it to your new employer
- Roll it over to an IRA at a trusted custodian
And, given how much you might be paying in fees, I don't recommend neglecting this part of your financial plan.
In today's podcast episode, we talk about each of these options and help you decide which is best.
If you have any more questions, please contact us at [email protected])
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Find show notes and more information at http://www.staywealthysandiego.com/35)
DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.
