What Should a CRNA Do With Their Old 401(k) or 403(b)?

Download your Retirement Readiness Checklist here: https://moneyrxforcrnasnewslettersignup.kit.com/4764a9941d

If you're a CRNA, chances are a big part of your retirement nest egg is tied up in your 401(k) or 403(b). But many healthcare professionals have no idea what to do with that money once they retire to make sure it works best for them.

Here's the problem: There are three critical decision points that will either maximize your retirement wealth or quietly drain it away over the next 20 to 30 years. These decisions seem simple on the surface, but they're loaded with hidden traps that most people never see coming. Getting even one of these wrong could easily cost you six figures in unnecessary fees, taxes, or lost opportunities.

In this episode, Brett walks through the strategic rollover framework that addresses all three critical decision points and helps you navigate the choices about your old retirement accounts without making costly mistakes.Brett explores:

• The hidden cost trap that's draining thousands from your retirement accounts each year
• Why control and flexibility matter just as much as low fees
• The consolidation challenge facing CRNAs who have worked for multiple employers
• The strategic rollover framework for optimizing your 401(k) or 403(b)
• Two critical considerations before making any moves with your money
• How to evaluate your options carefully and make the choice that aligns with your goals

These decisions can have a huge impact on your taxes, your flexibility, and your peace of mind in retirement. Don't rush the process.Have questions about your retirement accounts? Reach out through the link in the show notes, and download the free Retirement Readiness Checklist.

#CRNAs #RetirementPlanning #401k #403b #WealthManagement

Key Timestamps:

(0:44) Welcome: The Six-Figure Risk of Making the Wrong Rollover Decision

(1:43) The Three Critical Decision Points (Cost, Control, Consolidation)

(2:22) Decision 1: The Cost Trap (The $15,000 Annual Fee Example)

(3:36) Decision 2: The Control Dilemma (Ease of Access and Flexibility)

(4:56) Decision 3: The Consolidation Challenge (Collectors of Accounts)

(6:05) The Strategic Rollover Framework (Three Steps)

(8:52) Critical Consideration: The Age 55 Rule (Penalty Free Access)

(9:27) Conclusion: The Framework Addresses the Three Challenges

For more information and resources related to this episode, please visit the show notes.