Let's dive into why and how to roll over old 401k accounts from previous employers.
Why Should You Roll Over?
Better Growth: Old accounts may be in sub-optimal funds, not growing as they should.
Simplified Management: One consolidated account makes it easier for you to make better financial decisions.
Steps to Roll Over
Contact Old Employer: Find out who your old 401k provider is if you don't know.
Initiate the Rollover: Call your old 401k provider and ask them to sell all assets in your account and send you a check.
Where to Roll Over?
Current 401k: Merging it with your existing 401k is often the best choice.
Open a New IRA: An Individual Retirement Account offers flexibility to choose cheaper, long-term investments.
Consolidating your old accounts can speed up your journey to financial freedom. So, take action today!
Need step-by-step guidance? Check out resources on Xillion for more information on 401k rollovers.
