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401(k) ATTORNEY: Don’t Touch Your 401(k) Until You Watch This

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Feeling unsure about your financial future? My team at Root Financial can help: https://learn.rootfinancial.com/erin Before you roll over your 401(k) into an IRA, understand the fees, benefits, and protections you could be leaving behind. ERISA attorney Bonnie Treichel joins Erin Talks Money to explain what many investors overlook about their 401(k)—and what to compare before moving retirement savings. Should you leave your money in a 401(k) after retirement or roll it into an IRA? Does a low-cost index fund mean your retirement plan is inexpensive? And could your employer’s plan include access to a financial advisor you didn’t know was available? Whether you’re approaching retirement, changing jobs, or reviewing an old 401(k), this conversation helps you ask better questions before making a rollover decision. We discuss investment expenses, administrative fees, fiduciary responsibilities, and the growing role of retirement income options within workplace plans. In this interview, we cover: • 401(k) vs. IRA: what to compare before a rollover • How to find your 401(k) fees and read your annual fee disclosure • Why index fund expense ratios don’t tell the whole story • How employer-paid fees can affect your rollover decision • What an ERISA fiduciary does—and whose interests they must put first • Why large and small employer retirement plans can have different costs • Financial advice that may already be available through your workplace plan • Target-date funds, investment choices, and retirement plan costs • Creditor protections to consider before moving retirement accounts • Annuities in 401(k) plans and options for creating retirement income • Preparing for retirement beyond reaching a savings goal Your retirement savings took decades to build. Before you consolidate retirement accounts or move your 401(k) after leaving a job, understand what you have, what you’re paying, and what would change. 00:00 Meet ERISA Attorney Bonnie Treichel 00:39 Your 401(k) Rights and Fiduciary Protections 05:49 What Employers Owe Their 401(k) Participants 07:46 How to Find Your 401(k) Fees 13:56 How Much Do 401(k) Plans Charge? 17:29 Is Your 401(k) a Good Plan? 23:28 Financial Advice You May Already Have Access To 25:58 401(k) vs. IRA: Before You Roll Over Your Money 32:19 Annuities Inside Your 401(k) 35:54 401(k) vs. IRA Creditor Protections 41:00 Five Years Before Retirement: What to Start Doing 43:18 Rapid Fire: 401(k) Red Flags and Rollover Mistakes Connect with me on LinkedIn for charts & daily retirement insights: https://www.linkedin.com/in/erintalksmoney/ Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Join the family & subscribe to my channel here: https://www.youtube.com/c/ErinTalksMoney Thanks for watching, I appreciate you! Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship with Root Financial. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate and should not be considered testimonials or endorsements.

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