409: How I Lost 40% of My Retirement Savings (A Huge Money Mistake)

409: How I Lost 40% of My Retirement Savings (A Huge Money Mistake)

Author: Clever Girl Finance March 19, 2026 Duration: 10:37

New Book - Clever Girl Millionaire; A Guide to Redefining What's Possible, Turning Ambitions into Actions, and Dreams into Millions - Available to order now

Let me share a money mistake that still stings to talk about.

Before building Clever Girl Finance, writing books, and becoming a millionaire, I made a mistake that cost me 40% of my retirement savings overnight. Yes, 40%!

I'm sharing the story of how I accidentally triggered taxes and penalties on my 401(k) after leaving a job, the lesson I learned the hard way, and what I would do differently today.

If you're changing jobs or thinking about cashing out a 401(k), this is something you need to understand before making a move.


What I share:

  • The 401(k) rollover mistake that cost me thousands

  • Why cashing out your retirement account can be extremely expensive

  • The difference between a 401(k) rollover and a payout

  • How to avoid early withdrawal penalties and taxes

  • What to do with your 401(k) when leaving a job

Money mistakes happen to everyone, even financial experts. What matters most is how you learn from them and rebuild.

I share this story in Chapter 6 of my new book Clever Girl Millionaire, where I talk about real-life financial mistakes, lessons learned, and how resilience plays a role in building long-term wealth.

If you've ever made a financial mistake, know this: your story isn't over. You can learn, recover, and keep building.

 

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