Is It Bad to Leave My 401(k) Where It Is?

If you've recently changed jobs, chances are your old 401(k) is still sitting right where you left it – out of sight and out of mind – and it could potentially cost you. In this episode, Ryan answers a question from a pilot who recently made the jump to a major airline and wants to know if he should roll over his old 401(k) or leave it where it is.

Ryan breaks down the pros and cons of keeping the 401(k) with a former employer versus moving it into an IRA, and what smart investors should consider before making the call.

Here’s what we cover in this episode:

📂 What happens when you leave an old 401(k) behind

🔁 Why a direct rollover is usually better than a transfer

⚠️ Common mistakes that trigger taxes or penalties

✈️ What pilots need to know about retirement account strategy

 

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