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What to Consider with Your 401k Upon Retirement

If you’re close to retirement, one crucial aspect to consider is what to do with your hard-earned 401k savings. This decision requires careful thought and planning, as it can significantly impact your financial well-being in the long run. James covers the key considerations to get the most out of your 401k plan: ➡️ Analyzing Costs ➡️ Assessing Control + Ease of Use ➡️ Examining Investment Options ➡️ Consolidations for Simplicity ➡️ Coordinating Withdrawal Strategies In addition to those factors, there are several other important considerations: understanding tax implications, net unrealized appreciation, and penalty-free distributions. Learn the tips & strategies to get the most out of life with your money. Get started today → Subscribe to be notified for future videos: _ _ For more resources and content, check us out below! 🔔Subscribe to our channel to learn more about all things portfolio management 🎧 Listen to our podcast 🧑‍💻 Visit our website to learn more about us 👥 Connect with us on Facebook 📷 Connect with us on Instagram 🔗 Follow us on LinkedIn _ _ ⏱ Timestamps ⏱ 0:00 Intro 1:58 Costs 3:14 Control 5:04 Investment options 6:41 Consolidations 8:21 Ease of Use 9:10 Coordination 10:39 Tax implications 12:17 Net unrealized appreciation 13:24 Penalty-free distributions 14:21 Outro Other videos we think you'll like: About Root: Worried about retirement? Start here: ...(read more)
LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing
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