Sean Pyles

And importantly, you want to make sure that your beneficiaries, your friends and family knows what you have in case they need to manage your money or they are maybe inheriting your money one day.

Okay, I'm 100% a lazy investor.

So personally, I'm happy to pay a little more in fees now to not have to think about whether my investments are balanced in an appropriate way for my age and my retirement timeline.

And maybe one day I'll change my mind or maybe future me will wish that I had a little bit more in my retirement account since I have been paying more in fees.

But it really comes down to knowing your numbers.

So play with your retirement calculator that lets you input the fees on your account to see how much these fees could detract from your overall retirement savings.

Sam, we have a pretty good one at nerdwallet.com that does this for people, right?

Done.

Well read, Sam.

Thank you for that.

Okay, first I'd like to clarify that rollover IRAs aren't a specific type of account.

They just refer to the process of moving money from an old employer-sponsored plan into an IRA or how the account is funded.

So I think the real question is, in a bankruptcy or liability situation, does an IRA have the same protections as a 401k?

The type of retirement account that your rollover money is coming from, whether it's an after-tax 401k or a traditional IRA or 401k, can have really significant implications on how that money is treated, including whether you're on the hook for a tax bill or have bankruptcy protections.

Very true.

All right.

Well, Sam, thanks for coming on.

Of course.

Happy to be on.

That's all we have for this episode.