The Economic Times News

401(k) at retirement: Move it, leave it, or lose out? The decision that can cost you thousands

401(k) retirement mistake: Retirees must be cautious with 401(k) decisions. Taking a distribution instead of rolling over can lead to unexpected taxes. Mistakes with IRA contributions can incur penalties. Proper beneficiary designations are crucial for estate planning, bypassing probate. Experts advise seeking professional guidance to avoid financial pitfalls and ensure smooth asset transfer.