Elizabeth Ayoola

What are the pros and cons of the listener's approach, Sam?

What are your thoughts, Sean?

Last question for this lightning round.

Sam, I have a feeling that you were also good at reading in front of the class in elementary school.

So...

I want you to read the last listener email for us.

Yeah.

And this reminds me about the importance of consulting with actual finance professionals who are up to date with IRS rules and the likes, and maybe not professional TikTokers talking about finances.

Otherwise, people may run and do things that other people are doing, like a rollover or a mega backdoor Roth, without seeking the right advice and find themselves in an expensive tax-related bind with the IRS.

All right, Sam, anything else listeners should keep in mind about IRA rollovers?

Yeah, I will throw on that a big part of effective money management is organization.

And sometimes having money all over the place creates a breeding ground for financial mistakes.

Ask me how I know.

It can also lead to missed opportunities to grow your money.

And it would bring me so much joy if you would set an alarm, put it on your calendar to join us next time to hear about whether the rule of thumb that you can live off of 80% of your annual income in retirement still holds up.

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This episode was produced by Tess Vigeland.

Hilary Georgie helped with editing.

Nick Kersamy mixed our audio.

And a big thank you to NerdWallet's editors for all of their help.