Tag Archives | 401(k) rollover
risk safety tightrope Photo by Loic Leray on Unsplash

Retiring? Avoid This Big 401(k) Rollover Mistake

Three-quarters of retirees “de-risked” their portfolio by reducing stock exposure when they quit working and rolled their workplace 401(k)s to an IRA. The de-risking dilemma That may seem like a good idea. But unfortunately, in some investment environments, making big, sudden changes to your fund mix at retirement can be a major mistake, according to […]

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Leaving A Job? Don’t Cash Out The 401k

Leaving your job? Whatever you do, don’t cash out your 401(k) and spend the money. Unfortunately, that is a very common mistake made by younger workers. According to a study by Fidelity Investments, 41 percent of plan participants ages 20 to 39 cashed out a 401(k) when leaving their job last year, the highest of […]

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Job Hopping Can Be Dangerous To Your Financial Health

Job Hopping Can Be Dangerous To Your Financial Health

Job hopping can hurt your ability to retire on time, says a recent article in U.S. News & World Report. Baby boomers and younger workers are job-hopping at record rates.  Younger baby boomers (born between 1957 and 1964) have held an average of 11 jobs by age 46, says the Bureau of Labor Statistics. While about […]

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