Ep. 41 Job Switching and Your 401(k): How to Stay on Track with Retirement Savings

Send us Fan MailIn this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry discuss the hidden financial impacts of job changes on 401(k) savings. Reviewing insights from a recent Wall Street Journal article by Anne Tergesen, they explore how job-switching can disrupt retirement planning, often leading to neglected 401(k) enrollments or lowered savings rates. Together, they discuss practical strategies to avoid common pitfalls, from maintaining steady contributions to understanding the importance of proactive planning when rolling over 401(k) funds into IRAs. Tune in to discover how to safeguard your retirement savings, even during career transitions.Wall Street Journal article link: https://www.wsj.com/personal-finance/retirement/changing-jobs-can-put-a-300-000-dent-in-retirement-savings-e4b88f58