Have you recently changed jobs or are you thinking about retiring? You may be wondering what to do with your employer-sponsored retirement plan. Understanding your options and making informed financial decisions now could save you money, not to mention help keep you on track for a comfortable retirement.
Let’s consider your options
When you change jobs or retire, you may feel most comfortable leaving your plan with your previous employer, due to familiarity. If you need immediate income, you may look into taking a lump-sum cash distribution. But you might also want to consider rolling over your employer-sponsored retirement plan to an Individual Retirement Account (IRA). IRA rollovers allow you to continue delaying income taxes on any earnings on your retirement plan assets and avoid early-withdrawal penalties.
So which option is best for you?
Let’s get together to discuss all the issues impacting your retirement dollars. I can help you simplify the decision-making process and design a financial strategy that’s right for you based on your needs and long-term goals. After all your hard work, don’t you deserve the satisfaction that comes with knowing you’ve explored your options and helped to prepare for the future?
Take the first step in planning your financial future
Let’s work together to help maximize your options and help ensure your retirement savings are working for you. Call me at 585-466-8119 to set up an appointment and we can discuss all your options in much greater detail. I look forward to going over it with you and helping you develop a strategy.