How to Roll Over an Old 401(k)

Here are seven steps for getting it done. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_improvingfinances&utm_content=40851&elqTrackId=a5b93f9a01fa49a0878e97e96b260de8&elq=a77d5bc9d0f44e0db335c215047fef57&elqaid=40851&elqat=1&elqCampaignId=19446) [Improving Your Finances] Improving Your Finances with [Christine Benz]( [Christine Benz] [How to Roll Over an Old 401(k)]( Is deciding what to do with an orphan 401(k) on your to-do list? Here are seven steps for getting it done. Old 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them—try them on and see if they still fit (and aren’t hopelessly out of style) or donate them to charity. But inertia isn’t costing you anything other than closet space, and you know the process of getting everything in shipshape could take a little time. So, there they sit, mostly out of sight and mind. And so it is with your old 401(k). While you’ve heard that you should consider a rollover, you’ve also heard ominous tales about how you can end up on the hook for a bunch of taxes if you don’t follow the rollover rules to the letter. The path of least resistance beckons. [Read More]( Share: [facebook]( [twitter]( [linkedin]( ADVERTISEMENT [media]( [media] [5 Strategies for Portfolio Withdrawals in 2022]( With both stocks and bonds underwater, here's how retirees can manage portfolio withdrawals this year. [Watch Now]( [A Year-End Bucket To-Do List]( These seven steps tackle a lot of jobs: refilling cash, rebalancing, tax planning, and charitable giving. [Read More]( [Jamie Hopkins: A Framework for Financial Freedom]( The author and retirement-planning expert discusses goals-based planning, managing sequence risk, and bucketing. [Listen Now]( Listen Now Get the latest investing insights and market updates with [Morningstar’s podcasts]( available on your iPhone, iPad, Android, PC, or smart speaker. Stay connected: [twitter]( [facebook]( [linkedin]( [instagram]( [YouTube]( [Apple News]( [View online]( | [See all newsletters]( | [Share your feedback]( [Unsubscribe]( from this newsletter. Or update your [email preferences](. © 2022 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602