Should you contribute to your AFTER Tax retirement accounts OR PRE Tax retirement accounts? It depends & I talk about it here: th-cam.com/video/OQUAkNeCtfk/w-d-xo.html
Hello, thank you for your video? Can you do this as well with your 403b? I have a 401k and 403b from previous employers that I want to roll into my IRA. Also, sorry second question. Can you roll it ALL over at once? I know the contribution limit this year for trad IRA are 7,000, so will rolling over incure penalties or is rolling over separate than contributions. Thank you!
Hi. Thanks for this video. It was very informative. From what you said, it sounds as though changing residences shortly after (within a few weeks) I do this process is NOT a good idea because important documents might get lost in the shuffle. Would you agree with that?
Correct. Safe play would be to hold off. Be mindful that with some companies they will place a one day hold on some accounts after updating / changing addresses….so this was already going to be a multi-day, multi-effort kinda chore, but I’d hold off until til you’re settled at your new residence before initiating the rollover. Thanks for checking out the video! Cheers!
Hi! Well. I've been at my "new" job for a full year now. Since then I started a new 401K with my recent employer. But I never did start my first Roth Ira. Will there be any taxable implications or penalties doing a 401K rollover, with my past job, to an IRA in my first brokerage account? Independent of what I do with my new 401K with my recent employer? Still confused. Thank you!!!
Should you contribute to your AFTER Tax retirement accounts OR PRE Tax retirement accounts? It depends & I talk about it here: th-cam.com/video/OQUAkNeCtfk/w-d-xo.html
This was very helpful 👍🏼👍🏼
Hello, thank you for your video? Can you do this as well with your 403b? I have a 401k and 403b from previous employers that I want to roll into my IRA. Also, sorry second question. Can you roll it ALL over at once? I know the contribution limit this year for trad IRA are 7,000, so will rolling over incure penalties or is rolling over separate than contributions. Thank you!
Hi. Thanks for this video. It was very informative. From what you said, it sounds as though changing residences shortly after (within a few weeks) I do this process is NOT a good idea because important documents might get lost in the shuffle. Would you agree with that?
Correct. Safe play would be to hold off. Be mindful that with some companies they will place a one day hold on some accounts after updating / changing addresses….so this was already going to be a multi-day, multi-effort kinda chore, but I’d hold off until til you’re settled at your new residence before initiating the rollover.
Thanks for checking out the video! Cheers!
@@Financial_Awareness Thanks for that thoughtful reply.
Hi! Well. I've been at my "new" job for a full year now. Since then I started a new 401K with my recent employer. But I never did start my first Roth Ira. Will there be any taxable implications or penalties doing a 401K rollover, with my past job, to an IRA in my first brokerage account? Independent of what I do with my new 401K with my recent employer? Still confused. Thank you!!!
Typos everywhere