Have an old 401(K)? Here's what you need to know

Overview

In this course you’ll learn about the options available for money that you may have in an old 401(k) as well as the pros and cons of each option. We’ll also show you the three simple steps to take if you choose to rollover your retirement assets to Fidelity as well as what to do after your rollover is complete.

Objectives

When you complete this course, you will :

  • Be familiar with the four options available regarding what to do with an old 401(k)
  • Understand the pros and cons of each option and how to avoid potential mistakes
  • Know the three simple steps to complete a rollover
  • Understand the importance of moving rolled over assets into investment accounts where they may potentially grow
Course Outline
Title Type Highlight
1. Options for your old 401(k) Video
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Pay special attention to the section on cashing out of your 401(k)-the combination of taxes and penalties can have a significant impact on your retirement savings.

Pay special attention to the section on cashing out of your 401(k)-the combination of taxes and... More
2. Maximize company stock Article
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This lesson tells you how and when to take advantage of a little-known tax break. If you own company stock in your workplace retirement plan, the tax treatment of net unrealized appreciation (NUA) can help maximize the value of your company stock.

This lesson tells you how and when to take advantage of a little-known tax break. If you own company... More
3. Your rollover has arrived, now what? Video
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Now that you’ve rolled over your old 401(k), it’s important to ensure that these assets align with your unique goals for retirement planning.

Now that you’ve rolled over your old 401(k), it’s important to ensure that these assets align with... More