In today’s episode, Ralph Estep Jr. and Juliet focus on what to do with your 401(k) when you leave a job, and why cashing it out can cost far more than most people expect.

In This Episode

✓ The FTC sends $15.8 million in Cleo AI refunds by PayPal

✓ Consumer confidence jumps to 91.7 as gas prices ease

✓ Debt payments eat 52 cents of every dollar of income gain

✓ Carla’s $3,800 ER bill in collections and what to ask for first

✓ Your four 401(k) options after leaving a job

✓ Why cashing out can cost around 40%, and the 60-day rollover trap

If you’ve ever left a job and wondered what happens to your 401(k), this episode walks you through every option.

Resources

Watch live:

https://www.becomingfinanciallyconfident.com/live

Giveaway:

https://www.becomingfinanciallyconfident.com/giveaway

Book a call:

https://www.ralphestepjr.com/schedule

Year-End Personal Tax Review:

https://www.becomingfinanciallyconfident.com/yearend

Be on the show:

https://www.becomingfinanciallyconfident.com/stuck

IRS rollover rules:

https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-distributions

FTC Cleo AI refunds:

https://www.ftc.gov/enforcement/refunds/cleo-ai-refunds

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Have a money question?

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Companies Mentioned

Cleo AI

PayPal

Fidelity

Vanguard

Jeep

Kubota

Apple