Leaving a Job? Your 401(k) Options and What Cashing Out Really Costs

In today’s episode, Ralph Estep Jr. and Juliet focus on what to do with your 401(k) when you leave a job, and why cashing it out can cost far more than most people expect. In This Episode ✓ The FTC sends $15.8 million in Cleo AI refunds by PayPal ✓ Consumer confidence jumps to 91.7 as gas prices ease ✓ Debt payments eat 52 cents of every dollar of income gain ✓ Carla’s $3,800 ER bill in collections and what to ask for first ✓ Your four 401(k) options after leaving a job ✓ Why cashing out can cost around 40%, and the 60-day rollover trap If you’ve ever left a job and wondered what happens to your 401(k), this episode walks you through every option. Resources Watch live: https://www.becomingfinanciallyconfident.com/live Giveaway: https://www.becomingfinanciallyconfident.com/giveaway Book a call: https://www.ralphestepjr.com/schedule Year-End Personal Tax Review: https://www.becomingfinanciallyconfident.com/yearend Be on the show: https://www.becomingfinanciallyconfident.com/stuck IRS rollover rules: https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-distributions FTC Cleo AI refunds: https://www.ftc.gov/enforcement/refunds/cleo-ai-refunds Follow Becoming Financially Confident LinkedIn: https://www.linkedin.com/company/becomingfinanciallyconfident Facebook Group: https://www.facebook.com/share/g/1HpWqv8jp9/ Instagram: https://www.instagram.com/becomingfinanciallyconfident Skool Community: https://www.skool.com/becoming-financially-confident-7556 Have a money question? Send it here: becomingfinanciallyconfident.com/voicemail Companies Mentioned Cleo AI PayPal Fidelity Vanguard Jeep Kubota Apple