What Should I Do With My Old 401(k) Account?

 Are you among the millions of Americans who’ve left an old 401(k) behind with a former employer? In this episode, Philip Smith, a financial planner at Tidepool Wealth Strategies in Oregon, explores the crucial steps late-career professionals (ages 55–65) should consider before ignoring a potentially major part of their retirement savings. Learn why these “forgotten” accounts can potentially sabotage your long-term goals through unnecessary fees, poor investment choices, and lost growth opportunities. Discover the four key options (leaving your 401(k) in place, rolling it into a new employer’s plan, transferring it into an IRA, or cashing it out) and why the last choice can be especially costly in terms of taxes and penalties. Philip also covers 403(b)s, 457(b)s, and other retirement plans, offering insights on risk management, tax planning, and portfolio management for professionals looking to optimize their future cash flow. If you’ve ever wondered how to locate old accounts or combine multiple retirement plans for simplicity and reduced fees, this episode provides the answers. Tune in for valuable, actionable advice on consolidating your nest egg and keeping your retirement strategy on track. #401k #403b #retirementplanning #retirementadviceThanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.Phillip Smith, CRPC AIF |  Financial PlannerTidepool Wealth Strategies450 Country Club Road, Suite 350 | Eugene, OR | 97401____________________________________________________________________________________________Additional Disclosures: The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Wealth Services, LLC cannot guarantee or represent that it is accurate or complete.All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.