Season 2 Episode 24: What you need to know about 401k management

Everyday Wealth

Jean Chatzky

Investing, Business, Education

2 • 935 Ratings

🗓️ 19 June 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Whether you are considering retiring, unretiring or changing jobs, deciding what to do with the money in your 401k is a big decision. In this episode of Edelman Financial Engines’ Everyday Wealth™, wealth planner Isabel Barrow joins Jean to discuss your options and the pros and cons of each. Then, Jessica DeBold, director of advanced planning strategies and tools at Edelman Financial Engines, gives insight into potential ways to implement a tax-efficient withdrawal strategy to generate income in retirement from an IRA.

This show is pre-recorded.

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners. That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses. The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor to help determine the best options for your particular circumstances.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.

© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed. Produced June 2023.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	The views expressed on this program are not necessarily the views of this station.
0:03.0	Content is for educational purposes only.
0:05.0	Consult a financial advisor or conduct your own due diligence if investing.
0:08.0	The show is pre-recorded.
0:09.0	Everyday Wealth is produced and created by Edelman Financial Engines and hosted by Jean Chatsky.
0:12.0	Ms Chatsky.
0:12.6	Miss Chatsky is not an employee or client of the firm.
0:14.8	She receives fixed cash compensation as host and for related activities and therefore has an incentive
0:19.1	to endorse Edelman Financial Engines and its planners.
0:21.2	For additional information, please see W. Edelman Financial Engines. its planners. For additional information, please see
0:22.5	W.W.
0:23.4	Edelman Financial Engines.com slash Everyday Wealth.
0:25.6	The 2022 top 100 independent advisory firm ranking issued by Barron's
0:29.0	is qualitative and quantitative, including assets managed by the firm,
0:31.8	technology spending, staff diversity, succession
0:33.8	planning, and other metrics.
0:35.1	Firms elect to participate but do not pay to be included in the ranking.
0:37.9	Compensation is paid for use and distribution of rating.
0:39.8	Awarded September 2022 based on data within a 12-month period.
0:42.5	Investor experience and returns are not considered.
0:45.2	At the intersection of life and money, this is Edelman Financial Engine's everyday wealth,
0:51.5	with personal finance expert Gene Chatsky.
	...

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