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That Financial Guy

That Financial Guy is a podcast dedicated to making financial planning and investing easy to understand and to implement. Keith and Jack Wilson are practicing financial advisors who own a financial planning firm, Wilson Financial Advisors. They are a father and son team "spreading a wealth of information" helping you along your personal finance journey. Whether its personal finance including investments, retirement planning, estate planning, financial planning, college funding, budgeting and more you will find it here! Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.

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That Financial Guy

EP#25 What to Do With That 401k When You Retire?

February 25, 2025 • Keith Wilson

In this episode, I take a straightforward look at managing your 401k after retirement. I will be discussing practical options, such as whether to transfer your 401k to an IRA or maintain it in your current plan, and explain the pros and cons of each choice. Our conversation covers:

Conversion Options: Evaluating the benefits and drawbacks of different rollover strategies.
Withdrawal Strategies: The Rule of 55!. Planning systematic withdrawals to optimize your retirement income.
Tax Implications: Understanding the tax considerations that come with each decision.
Risk Management: Balancing potential growth with the need for financial security.
Expert Analysis: Insights from financial professionals to help inform your decisions.

This episode aims to provide clear, actionable information for anyone looking to make informed choices about their retirement savings.

Helping you to be wise with your money!
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