401k to IRA Rollover: How to Avoid a Taxable Event

In today's video we'll first discuss the different tax buckets and how the IRS looks at your money. We'll then dive into the topic of "401k Rollover to IRA and avoiding a taxable event." If you're looking to transition your 401k from an old job into an Individual Retirement Account (IRA) without triggering a taxable event, you're in the right place.

🔹 How the IRS looks at your money
We'll discuss the three tax buckets and how the IRS looks at your money. What's the difference between Tax Tomorrow retirement accounts vs Tax Free retirement accounts.

🔹 Avoiding a Taxable Event when rolling over a 401k to IRA
The key to a successful 401k rollover is avoiding a taxable event. We break down how to transfer your funds without owing Uncle Sam a penny before you're ready.

🔹 Mistake to Avoid
We'll talk about how rolling over a 401k to IRA could possibly trigger a taxable event.

Whether you're a recent retiree, switching jobs, or just planning ahead, this video is your go-to resource for ideas on managing your retirement savings effectively. Don't let taxes take a bite out of your retirement funds—learn how to do a 401k rollover the right way!

🔔 Subscribe for more financial tips, and hit the bell icon to get notified about our latest videos on investments, retirement planning, and tax strategies.

👍 Like this video if you found it helpful and share it with someone who might need guidance on their 401k rollover!

Disclaimer: The opinions expressed by the guests on the Retirement Level Up podcast/video are solely their own and do not reflect the views of the Retirement Level Up podcast/video, its producers, or any affiliated organizations. The information provided in this podcast/video is for educational and entertainment purposes only and should not be considered as financial, legal or tax advice. Consult a financial advisor, attorney or an accountant/CPA before making any investment, legal or tax decisions. Past performance is no guarantee of future results.