Take Control of your Retirement
There are a number of situations where it makes sense to roll your old 401(k) assets into an IRA.
- You recently left or lost a job and don't know what to do with your old 401(k).
- You have multiple 401(k) plans from previous jobs.
- Your previous 401(k) isn't performing to its potential.
- Your previous 401(k) is overly dependent on one company.
- Your 401K has a very small menu of investment options.
- You have more control rolling it into an IRA.
- Taking money out of an IRA can be the right decision in case of financial emergency.
You have CHOICES:
- Leave your 401(k) where it is.
- Roll it over to an IRA
- Roll it over to a managed account (for a fee a financial professional can use mutual funds, stocks, bonds, annuities, closed end or ETF's to help grow your money according to your risk tolerance and time horizon).
- Roll it over to a Roth IRA. (not typically recommended due to taxes owed.) Best to consult with a tax professional and a financial consultant to make the right choice for YOU.
- Roll it over to an insurance company.
For help in making a decison you will feel comfortable with call Phil Wieloch or email questions today to pwieloch@calton.com.