Financial, Investment and Estate Planning Blog
Finances and Estate Planning are 2 critical life areas you can't leave to chance. In this blog, I will share various articles, tips and advice to help you navigate these areas. But a personalized 1 on 1 chat will always trump reading a blog. Call me today!
Rollover your 401(k) to an IRA
When changing jobs, one of the options you may have with your 401(k) is to roll it over into an IRA. Talk with your financial professional because a rollover can offer benefits like:
More investment choices – Employer plans tend to offer limited options.
Communications – When you leave your 401(k) with your former employer, you may miss communications and updates about the plan.
Potentially Lower fees – Learn what the management and administrative fees for your 401(k) plan are versus an IRA.
Reach out to explore your options.
Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
More investment choices – Employer plans tend to offer limited options.
Communications – When you leave your 401(k) with your former employer, you may miss communications and updates about the plan.
Potentially Lower fees – Learn what the management and administrative fees for your 401(k) plan are versus an IRA.
Reach out to explore your options.
Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
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