Investors are missing out on billions of dollars when they switch jobs.
The reason is that many end up pulling their retirement savings out of the stock market—often without meaning to.
This was the subject of a recent Wall Street Journal article which I think is important to talk about today.
Many workers, when changing jobs, roll their 401k balances out of the employer plan and into an Individual Retirement Account. Many also, unwittingly, leave the balance in cash, which is a very costly mistake.
Hi, I’m John Gigliello and you are listening to Invest in Knowledge, a podcast about all things financial. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with PEOPLE who are looking to make smart and responsible choices with their money. Only through education, action and accountability can YOU build the confidence and security YOU need to live a SATISFYING life.
Today, I want to talk about the options workers have for their retirement savings when changing jobs and how to avoid costly mistakes.
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John Gigliello
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