The 401(k) Rollover Mistake That Can Cost You Thousands

Video transcript:

One of my clients accidentally triggered a huge tax bill just by trying to move his own 401k.

He switched jobs and instead of rolling his 401k into his IRA, he sent it to his Roth IRA by mistake.

Now, we were able to move it to the right account, but now his CPA has to get involved to correct it on his tax returns so he doesn't owe a huge tax bill.

Rollovers may seem simple, but one wrong move can cost you thousands so if you change jobs, don't guess.

Let's talk about your rollover options before it turns into a tax mess.

Send this to someone who's job hopping this year.