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401K Rollovers
You left your former employer, do you really want to leave your retirement saving in their hands? |
401 k plans represent a very substantial part of many peoples investment portfolio. In fact, it can typically be their largest “investment” asset.
When someone leaves their employment after many years with a company in addition to deciding their next moves, they must also decide what to do with their contributions and matching funds they built up over the years in their 401(k) plan.
Often times, I will see people simply leave the funds with the former employer. The dangers that exists in doing this should be obvious but all too often they are not.
If you are no longer in their employment it is often easy to loose touch with things that may affect the program. The least of which is that you can no longer contribute to the plan and there will be no more matching funds etc.
I strongly recommend after leaving the employment of a company you do an IRA Rollover to an IRA of your choice. Rolling Over suggests by its very nature a “tax free” exchange from one qualified plan to another which an IRA is.
Feel free to contact our office for additional information and to discuss products and strategies for your IRA Rollover. |
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