401K & Retirement Plan Rollovers

Cheerful senior man looking photos, sitting at table, copy space. Good memories concept
If you’re a participant in a qualified retirement plan and you’re taking a new job with a different employer, or you’re retiring but just not ready to begin to withdraw your funds, using a rollover is a great option.

Two major benefits of rolling a qualified plan into an IRA are:

(401k, 403b, 457, SEP, Simple IRA, etc.)

1

You typically get more investment options with an IRA than in a company-sponsored retirement plan

One of the main benefits of an IRA is that there are often more investing options. If you contribute to or still maintain your current or past employer’s retirement plan, you may end up with only a few options, typically chosen by the plan administrator. Additionally, you may be encouraged to be heavily invested in company stock or have a limited number of high-cost mutual funds to choose from. This is not the fault of the administrator, but it is a difficult task to satisfy the investment needs of a wide spectrum of employees with a limited number of options.

2

The fees with an IRA are typically lower than what your retirement plan will charge you after you leave the job

The fees with an IRA can often be lower than what is charged by your plan administrator. You can’t control how your investments perform but you can control how much you pay in fees, which has a direct impact on your returns.

There are several ways to move your retirement funds and keep the assets tax-deferred. When moving your IRA or employer-sponsored retirement plan (Qualified Plan) you have the following choices:

Direct Transfer

Rollover

Direct Rollover

Strategic Senior Benefits Group specializes in efficient transfer of funds, minimizing taxation, conservation of principal and the creation of guaranteed income streams where necessary.

Call or email our office today to set up a COMPLIMENTARY FINANCIAL ANALYSIS!

866.959.3642

If you know of a friend or family member who needs our services, please contact us and we will be happy to help them.



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