Don’t Leave Your Old 401k Account Behind
Listen to The ETF Store Show every Saturday at 4pm on KCMO Talk Radio 710AM as we cover everything you need to know about Exchange Traded Funds and the world of investing.
On our most recent radio show, we explained why you might want to think twice about leaving a 401k account sitting with an old employer. Often times, when individuals leave a job, they either keep their 401k account with their old employer or simply rollover their 401k to their new employer. Both of these options can be costly mistakes over the long-run. Between paying astronomically high costs, both for the 401k plan itself and the investments within the plan, and the limited investment options available in many plans (including a severe lack of alternative asset classes like gold, commodities, and real estate), leaving your hard earned money in an underwhelming 401k plan could be jeopardizing your investment returns. Certainly, if your employer is providing a match to be invested in their 401k plan, then it usually makes sense to take advantage of this benefit. However, if you have the option to take control of your 401k assets because you’ve left a job or your current employer allows you to rollover the account, you should seriously consider your alternatives.
At The ETF Store, we offer a streamlined 401k rollover process that makes rolling over an old 401k a stress free experience. The ETF Store can potentially significantly reduce your investment costs, open up an entire new world of investment options, and offer professional investment advice that you’re not receiving in your old 401k plan. Learn more about rolling over your 401k to The ETF Store by listening to our full show here.
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