MoneyWise | January 29, 2019

Automatic 401k Transfers

Show Notes

There’s no doubt about it: job-hopping is on the rise. Workers, especially younger ones, aren’t hanging around for 30 years anymore hoping to get a gold watch. They’ll switch jobs in a New York minute. But with all of the job switching going on in today’s job market, something is getting lost in the shuffle: all of those 401(k)s from previous jobs. Today, Rob West and Steve Moore have some interesting new details. 

Next, they answer your questions at (800) 525-7000 and about the following:

  • If you're in the process of looking toward retirement, how much cash aside from retirement is needed or enough? 
  • If you've invested a fair amount of money with an advisor and his response when called is that he could only meet once per year, whould you look for a new advisor?
  • When you talk about having savings and putting money away for the future and the Bible also says that we are not to worry about tomorrow, how do you reconcile the two?

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