I have a 401(k) from an old job, so I asked a financial planner what to do with the funds. Unsure of what to do with the money inside that old 401(k), I chatted with certified financial planner Faron Daugs for advice. Roll your old 401(k) into your current employer's planWhile this option doesn't apply to me because I'm self-employed, one route that Daugs suggested is rolling your old 401(k) plan into the 401(k) plan offered by your current employer. A Roth 401(k) is similar to a Roth IRA and a 401(k), where you make post-tax contributions and earnings inside the account grow tax-free. Daugs also said going this route means you won't get taxed on any distributions from your old 401(k) plan.

---

Persons: Roth, —, haven't, Faron, Daugs Organizations: Service, Roth IRA, IRA