Should I endorse my 401k rollover check? If you get a 401k rollover check in the mail from your old 401k plan , do not endorse it. Watch to find out why. #shorts #401krollover #rollover #ira... ( read more )
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When it comes to managing your retirement savings, it's important to make informed decisions that will benefit your financial future. One such decision that often arises is whether to endorse a 401k rollover check. While it may seem tempting to have a lump sum of money in your hands, endorsing a 401k rollover check is generally not the best choice for your long-term financial goals. A 401k rollover occurs when you leave a job and choose to transfer the funds from your employer-sponsored retirement plan into another qualified retirement account , such as an IRA (Individual retirement account ).
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)