Need proactive planning for your retirement funds?

We don’t have to manage your retirement plan to help you make good decisions about the investments within it. Most people aren’t aware that when they’ve reached the age of 59 ½, they have the ability to move all or part of their company-sponsored 401(k) plan into an IRA. This can be done while still working and still contributing to your employer’s 401(k) plan.

Rolling over your retirement assets to an IRA can be a good move. It is a non-taxable event when done properly, gives you access to a wide range of investments, and offers the convenience of consolidating your savings in a single location. By moving your company-owned 401(k) into an IRA, you have greater flexibility and transparency in regard to your investment selections and any fees that may be charged. Often, mutual fund expenses come out of the fund’s overall performance which can affect your bottom line over time. Our customized, hands-on approach helps determine which investments make up your IRA, along with the personal connection it takes to successfully help plan for your retirement and beyond.

Other options to consider:

In addition to rolling over your 401(k) to an IRA, there are other options. We can help determine which is most suitable for your specific situation, and share a brief look at additional choices below.

• Leave money in your employer's plan
  You may choose to leave your money where it is if the investments offered are to your liking, (The typical internal expenses still apply.) It is not a taxable event.
• Cash out the account
  This is a taxable event, and, of course, there is also the loss of investing potential. It is even more costly if you are under the age of 59½; in addition to income taxes, there is a penalty of 10%.

Both employer plans and IRAs typically involve investment-related expenses and plan or account fees. Investment-related expenses may include sales loads, commissions, the expenses of any mutual funds in which assets are invested and investment advisory fees. Plan fees typically include plan administrative fees (e.g., recordkeeping, compliance, trustee fees) and fees for services such as access to a customer service representative. In some cases, employers pay for some or all of the plan’s administrative expenses. An IRA’s account fees may include, for example, administrative, account setup and custodial fees.

Of course, you should carefully consider all of your available options and the applicable fees and features of each before moving your retirement assets.