I Found Out 32 Million People Lost Their 401(k)… Don’t Be One of Them скачать в хорошем качестве

I Found Out 32 Million People Lost Their 401(k)… Don’t Be One of Them

32 million Americans have old 401(k)s they never rolled over… and more than $2 trillion has gone missing or forgotten in abandoned retirement accounts. Don’t let your money be one of them. Today we’re talking about why people avoid rolling over old 401(k)s, how the process actually works, and why taking action now can make retirement simpler, cheaper, and more secure. If you’ve ever left a job and never moved your old 401(k), this video is for you. ⭐ Why People Never Rollover Old Accounts Fear of making a mistake Market worries It feels complicated Decision fatigue Not understanding the process ⭐ What a Rollover Really Is (The Simple Version) It’s not a withdrawal. It’s just moving your retirement money from one custodian to another so it stays tax-advantaged. ⭐ Why Rolling Over Matters Lower fees Easier to manage Helps avoid “lost” accounts Simplifies retirement planning Easier for your spouse or heirs later Prevents issues with old employers or outdated plans ⭐ How a Rollover Works Direct rollover (best choice) FBO checks Wire/ACH transfers Most take 10–20 minutes to start and a few days to a few weeks to complete. ⭐ Taxes You Need To Know Rollovers are not taxable when done correctly. Avoid receiving a check in your own name. Ask for a direct rollover every time. If you’ve worked multiple jobs, you might have money sitting in an old retirement plan right now. This is your money — don’t let it get lost. 00:00 – Introduction 00:15 – Why old 401(k)s get forgotten 00:26 – The $2 trillion problem 01:33 – What a rollover really is 02:00 – Not a Withdrawal 02:33 – Account Types To Convert 03:33 – What Don’t People Do 401k Roll Overs? 04:49 – Why Should You Do A Rollover - Employer Issues 05:45 – Why Should You Do A Rollover - Financial Reasons 07:40 – Why Should You Do A Rollover - Life and Legacy Reasons 08:23 – Advantages of Rolling Over to a Single Account 09:30 – The Roll Over Process - How it Works 13:10 – Avoid The Tax Trip - Do a Rollover Not a Withdrawal 13:55 – Why isn’t the Rollover Automated or Easier 14:33 – Safety Measures When Doing a Rollover 16:06 – Wrap Up #retirement #retirementplanning #financialplanning #ira #over50 #genx