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Podcast: Navigating an Abundant Retirement with Carol Dewey
Episode: Common 401k Rollover Mistakes and How to Avoid Them
Description: Welcome back to Navigating an Abundant Retirement Radio! This week, we'll be talking about the common mistakes that people make when rolling over their 401(k) and how to avoid them.You probably have at least one traditional retirement account, such as a 401(k), 403(b), or IRA. The tax treatment of traditional retirement accounts is the key difference between these accounts and regular ones. With a traditional retirement account, you get a tax deduction on the front end, allowing you to contribute the full amount without paying income taxes. The account also provides a tax deferral, which means...