Should I Rollover My 401(k) to an IRA? What You Need to Know

💛 Simplify your retirement investing with PensionBee Roll your old 401(k)s into one easy-to-manage account → https://marriagekidsandmoney.com/pensionbee What should you do with your 401(k) when you leave a job? In this video, we break down when rolling over your 401(k) makes sense, why it can simplify your financial life, and the big mistakes to avoid during the rollover process. You’ll learn the benefits of rolling a 401(k) into an IRA, how consolidating old accounts can make retirement planning easier, and why direct rollovers matter. We also talk about how rolling over accounts helped my wife and me simplify retirement savings after leaving nearly 10 different jobs. If you’ve switched jobs, become self-employed, or simply want more control over your investments, this video will help you decide your next move with confidence. 📘 Want to build wealth and reclaim your time? Check out my book Own Your Time: 10 Financial Steps to Put Your Family First and Escape the Corporate Grind → https://marriagekidsandmoney.com/book ⏱️ CHAPTERS 0:00 What happens to your 401(k) when you leave a job 0:45 Your 401(k) rollover options explained 1:20 Benefit 1 More investment control 1:55 Benefit 2 Avoid scattered old accounts 2:40 Benefit 3 Simplify retirement planning 3:15 Sponsor PensionBee 3:55 Rollover mistakes to avoid 4:10 Direct vs indirect rollovers 4:45 Why cashing out early is costly 5:20 Getting help with the rollover process 6:05 Understanding what you’re investing in 6:45 Final thoughts and next steps 🔗 RESOURCES MENTIONED PensionBee (Video Sponsor) https://marriagekidsandmoney.com/pensionbee Coast FIRE Calculator (free): https://marriagekidsandmoney.com/calculators/coast-fire/ Coast FIRE by Age 30, 40 and 50: https://youtu.be/sEpssMj9txs?si=l2uJ4mOTzUSG8zBI _____ MARRIAGE KIDS AND MONEY: This award-winning YouTube channel is dedicated to helping families build wealth and thrive. Each week, Andy Hill shares actionable advice and tips for family financial independence. Also, he interviews personal finance experts, families who've achieved financial independence and work optional parents to inspire you to do the same. BIO - ANDY HILL: Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness. Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing in his hammock. ✅ CONNECT WITH US Pre-Order My Book "Own Your Time": https://marriagekidsandmoney.com/book Follow On Instagram: http://instagram.com/marriagekidsandmoney Read our Blog: https://marriagekidsandmoney.com Listen to our Podcast: https://marriagekidsandmoney.com/podcast-archive/ Subscribe to my YouTube channel today to strengthen your family tree and live financially free! HOW WE MAKE MONEY & DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Research & Writing: Andy Hill, AFC® Video Editing: Hinz Video Thumbnail: Ardi, The Thumbnail Wiz Channel Management: Kayli Groves