Timothy Sumer

The decision to keep your 401k intact or do a 401k rollover to IRA is a critical one. Get this right, learn the 401k to IRA rollover rules, and it can add thousands of dollars to your retirement! Do you have a 401k/403b with a former employer? Or perhaps with your current employer, but you’re considering leaving soon? John Frisch, President of Allied Wealth Advisors, joins the Wealth Summit to discuss whether you should keep your 401k where it is, do a 401k rollover to IRA, or cash out your 401k. KEY POINTS -the quality of your 401k investments plays a huge role in whether or not you should transfer it to an IRA -find out if you should consolidate your various 401k accounts -beware of hefty fees by active fund managers IRAs and 401k/403bs each have their fair share of pros and cons, and each person should make the decision based on what’s best for their financial future. This video doesn’t necessarily support one over the other, but rather John and Greg discuss the va

, . : 💛 - Precious Metals IRA comes with the same tax benefits as a conventional IRA. 💛 - We can't stress this enough: diversification is crucial to every person's portfolio, especially when it comes to retirement savings. 💛 - Aside from the security, many people purchase gold and silver specifically for their growth potential, which isn't affected by the same forces as those in the stock market. 💛 -Many people who buy gold and silver do so as a hedge against inflation and the declining U.S. dollar. As the dollar loses value, Americans essentially lose wealth and purchasing power. 💛 - When the stock market tumbles, retirement accounts can suffer greatly. If it happens to you right before retirement, you could be forced to continue working for many years to come. Since gold historically moves counter to the direction of stocks, bonds and mutual funds, a Gold IRA can help reduce the volatility and risk of your retirement