Moving Your 401k After Leaving Your Job

In this episode, Dr. Preston D. Cherry delves into the intricacies of moving your 401k after leaving your job, featuring expert insights from Dr. Philip Gibson, a seasoned wealth advisor and chief compliance officer at Concurrent Financial Planning.Together, they explore both direct and indirect transfers of employer-sponsored plans, providing clarity on the 60-day rule and the potential 20% tax hit if funds are not moved accordingly.Want to learn more? Connect with us below! Dr. Preston D. Cherry on LinkedInDr. Preston D. Cherry’s WebsiteDr. Philip Gibson on LinkedInGet your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website: https://concurrentfp.comThe Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.Learn more at concurrentfp.com