Jae Bratton

For the second rollover, again, from another former employer, this time I was moving about $25,000 from a 403B into a traditional IRA.

Yeah, actually, the process was just as simple. Again, that service that I used facilitated the rolling over process and made it pretty seamless. The only difference is that in this particular rollover, my 403B was traditional, not a Roth, meaning I hadn't paid tax on those contributions yet. So I rolled over the money from the 403B into a traditional IRA, not a Roth IRA.

Yeah, actually, the process was just as simple. Again, that service that I used facilitated the rolling over process and made it pretty seamless. The only difference is that in this particular rollover, my 403B was traditional, not a Roth, meaning I hadn't paid tax on those contributions yet. So I rolled over the money from the 403B into a traditional IRA, not a Roth IRA.

Yeah, actually, the process was just as simple. Again, that service that I used facilitated the rolling over process and made it pretty seamless. The only difference is that in this particular rollover, my 403B was traditional, not a Roth, meaning I hadn't paid tax on those contributions yet. So I rolled over the money from the 403B into a traditional IRA, not a Roth IRA.

And whenever I go to withdraw those funds in retirement, I will have to pay taxes on that money then.

And whenever I go to withdraw those funds in retirement, I will have to pay taxes on that money then.

And whenever I go to withdraw those funds in retirement, I will have to pay taxes on that money then.

It was direct. And that means that I did not have to pay any financial penalty on this.

It was direct. And that means that I did not have to pay any financial penalty on this.

It was direct. And that means that I did not have to pay any financial penalty on this.

I don't have experience doing an indirect rollover, so I can't really compare. But I would just say overall, the experience was fairly easy just because I had the assistance of this particular service to walk me through it.

I don't have experience doing an indirect rollover, so I can't really compare. But I would just say overall, the experience was fairly easy just because I had the assistance of this particular service to walk me through it.

I don't have experience doing an indirect rollover, so I can't really compare. But I would just say overall, the experience was fairly easy just because I had the assistance of this particular service to walk me through it.

As I mentioned earlier, I initiated this rollover process in 2022 right when I had been hired at NerdWallet. I knew that I was going to have a retirement account with NerdWallet 401k, and I knew I had these two other retirement accounts just hanging out in the ether. I didn't want just three retirement accounts in separate financial institutions.

As I mentioned earlier, I initiated this rollover process in 2022 right when I had been hired at NerdWallet. I knew that I was going to have a retirement account with NerdWallet 401k, and I knew I had these two other retirement accounts just hanging out in the ether. I didn't want just three retirement accounts in separate financial institutions.

As I mentioned earlier, I initiated this rollover process in 2022 right when I had been hired at NerdWallet. I knew that I was going to have a retirement account with NerdWallet 401k, and I knew I had these two other retirement accounts just hanging out in the ether. I didn't want just three retirement accounts in separate financial institutions.

So in 2022, I just decided now is the time to streamline everything. Come our retirement, I didn't want to be hunting down retirement accounts at X number of financial institutions. I want that time to be for leisure. There is a financial component behind the motivation to roll over. I wanted to move that money from those old accounts and invest them into mutual funds of my choice.

So in 2022, I just decided now is the time to streamline everything. Come our retirement, I didn't want to be hunting down retirement accounts at X number of financial institutions. I want that time to be for leisure. There is a financial component behind the motivation to roll over. I wanted to move that money from those old accounts and invest them into mutual funds of my choice.

So in 2022, I just decided now is the time to streamline everything. Come our retirement, I didn't want to be hunting down retirement accounts at X number of financial institutions. I want that time to be for leisure. There is a financial component behind the motivation to roll over. I wanted to move that money from those old accounts and invest them into mutual funds of my choice.

Definitely. But before I do that, I want to go back to something that Sarah was saying. Sarah was talking about how her process of rolling over some of her old retirement accounts was not as easy as maybe my experience. And I want to say that mine was maybe a little bit easier than hers and maybe other people's. listening because I only was rolling over two accounts.