Today, we tackle a question that looms large in the minds of many pre-retirees: What should you do with your 401(k) when retirement is on the horizon? It's a question that deserves careful consideration, and Kevin shares his expertise on the matter.

Kevin starts by addressing a recent Vanguard study, which found that 30% of people cash out their 401(k) plans at age 50 or later. Is this a good idea or a bad one? Kevin's take is clear: it's generally better to roll your 401(k) into an IRA as you approach retirement. This strategy allows you to continue deferring taxes and opens up a world of investment opportunities beyond what's typically available in 401(k) plans.

He highlights the concept of an "in-service distribution," which is a little-known option in some 401(k) plans that lets you move your money out while still employed, giving you access to a broader spectrum of investment strategies. From annuity contracts to individual stocks, this flexibility can be a game-changer for your retirement portfolio.

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Today, we tackle a question that looms large in the minds of many pre-retirees: What should you do with your 401(k) when retirement is on the horizon? It's a question that deserves careful consideration, and Kevin shares his expertise on the matter. Kevin starts by addressing a recent Vanguard study, which found that 30% of people cash out their 401(k) plans at age 50 or later. Is this a good idea or a bad one? Kevin's take is clear: it's generally better to roll your 401(k) into an IRA as you approach retirement. This strategy allows you to continue deferring taxes and opens up a world of investment opportunities beyond what's typically available in 401(k) plans. He highlights the concept of an "in-service distribution," which is a little-known option in some 401(k) plans that lets you move your money out while still employed, giving you access to a broader spectrum of investment strategies. From annuity contracts to individual stocks, this flexibility can be a game-changer for your retirement portfolio. #retirement #financialplanner #financialliteracy #wealth #fyp #podcast #taxes #income  <a href="https://maddenwealth.com/">Get Your Complimentary Retirement Roadmap!</a> Your roadmap will include: <ul class="text-left" style="list-style-type: circle;"> <li>A retirement income strategy</li> <li>A test to see how long your money will last</li> <li>A tax-planning strategy</li> </ul>   Listen to “Your Retirement Radio” podcast anytime on <a href="https://podcasts.apple.com/us/podcast/your-retirement-radio-with-kevin-madden/id1556680638"> Apple</a> or <a href="https://open.spotify.com/show/2lduLfYKOaYE3jZbqfIHB2?si=Mp9tDZk2TCyzBh-Ew0Iv_Q"> Spotify</a>! 💬 Engage, Share, and Learn even more with Kevin at Madden Wealth Advisors: <a title="Facebook" href="https://www.facebook.com/people/Madden-Wealth-Advisors/100064090810399/" target="_blank" rel="noopener">Facebook</a> <a title="LinkedIn" href="https://www.linkedin.com/company/madden-wealth-advisors/" target="_blank" rel="noopener">LinkedIn</a>

Join Kevin Madden for helpful answers to the retirement planning questions and concerns that keep you up at night.

Your Retirement Radio With Kevin Madden

Today, we tackle a question that looms large in the minds of many pre-retirees: What should you do with your 401(k) when retirement is on the horizon? It's a question that deserves careful consideration, and Kevin shares his expertise on the matter....

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