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Power Your Retirement
Hosted by Steve Smit, CERTIFIED FINANCIAL PLANNER® and founder of Powerhouse Financial Advisors, this podcast is designed to help employees of large publicly traded utility companies take control of their retirement planning. Steve, author of Power Up Your 401(k), shares insights on maximizing 401(k) options, navigating self-directed brokerage accounts, and creating a secure financial future. Tune in for practical advice, helpful resources, and strategies to power up your retirement! Subscribe and never miss an episode! Also available in video format on YouTube. For more information about Power Your Retirement, visit PowerhouseFinancialAdvisors.com or call 775-266-8867.
Power Your Retirement
Mailbag: What Should I Do with My Old 401k?
If you’ve ever left a job and wondered what to do with that old 401k account, you’re not alone, and today’s episode is for you! In this listener mailbag edition, Steve answers a question from William, who’s trying to decide whether to leave his 401k where it is or roll it into an IRA. It sounds simple, but the implications can be huge.
Here’s some of what we discuss in this episode:
🔄 Rollover or leave it? Some pros and cons
🔍 Hidden 401k fees most people never see
🧾 How to avoid surprise tax bills during a transfer
❌ Why "set it and forget it" could cost you
🧩 Consolidating smart, not blindly
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: info@powerhousefa.com
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
