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IRA Rollover or Stay Put


LFS 5-Minute Planner Series In this video, we will guide you through the decision to either leave your 401k with your employer or move it to your own IRA account. Get notified when we release our next 5-Minute Planner video, subscribe to our Market Updates: #PersonalFinance #Retirement #Money #WealthAdvisor IMPORTANT NOTICE This presentation is intended to serve as a basis for further discussion only. Although great effort has been taken to provide accurate numbers and explanations, the information in this presentation should not be relied upon for preparing tax returns or making investment decisions. Assumed rates of return are not in any way to be taken as guaranteed projections of actual returns from any recommended investment opportunity. The actual application of some of these concepts may be the practice of law and is the proper responsibility of your personal attorney. Disclosure: Securities offered through Fortune Financial Services, Inc. Member FINRA/SIPC. LFS Wealth Advisors and Fortune Financial Services, Inc. are separate entities and are not affiliated. Additional information about LFS Wealth Advisors is available in its current disclosure documents, Form ADV, Form ADV Part 2A Brochure, and Form CRS. All are accessible online via the SEC’s Investment Adviser Public Disclosure (IAPD) database at www.adviserinfo.sec.gov, using SEC #801-113091....(read more)



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If you have a 401(k) or another qualified employer-sponsored retirement plan, one option you’ll likely face when you leave your job is whether to roll your money into an IRA or leave it in your old plan. There are benefits and drawbacks to both options, so it’s important to understand what each is and how it might affect your retirement savings. IRA Rollover An IRA rollover is when you move money from a qualified plan into an individual retirement account (IRA). One of the primary benefits of an IRA rollover is that it gives you greater control over your retirement savings. You have access to a wider range of investment options that can help you achieve your retirement goals. In addition, you can continue to contribute to your IRA, which can give you additional tax benefits and increase your savings over time. Another benefit of an IRA is that it can simplify your retirement planning. With an IRA, you can consolidate multiple retirement accounts into one place, making it easier to track your savings and investments. However, it’s important to be aware of the fees associated with an IRA. Depending on the type of IRA you choose, you may have to pay annual account fees, transaction fees, and other fees that can eat into your savings over time. Stay Put If you’re happy with your current employer-sponsored retirement plan, you may want to consider leaving your money in the plan. This can be a good option if you’re happy with the investment options offered by the plan or if you want to keep your retirement savings in one place. In addition, the fees associated with employer-sponsored plans tend to be lower than those associated with IRAs. Another benefit of staying put is that you may be able to take advantage of institutional share classes, which can help you save money on investment fees. However, there are some drawbacks to staying in your employer-sponsored plan. For example, depending on the plan, you may not have access to the same investment options as you would with an IRA. In addition, you may not be able to continue contributing to the plan after you leave your job. The Bottom Line Deciding between an IRA rollover and staying in your employer-sponsored plan requires careful consideration of your retirement goals and your financial situation. Both options have their benefits and drawbacks, so it’s important to weigh the pros and cons before making a decision. If you’re unsure about which option to choose, it may be helpful to talk with a financial advisor who can help you review your options and make an informed decision. Ultimately, the choice you make can impact your retirement savings and your financial future, so it’s important to choose wisely. https://inflationprotection.org/ira-rollover-or-stay-put/?feed_id=77897&_unique_id=640fa5b3d06e8 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #comprehensivewealthmanagement #Finance #financialadvisor #iraaccount #irarollover #money #moneytips #Retirement #retirementplanning #secureact #wealth #wealthplanning #RolloverIRA #401k #comprehensivewealthmanagement #Finance #financialadvisor #iraaccount #irarollover #money #moneytips #Retirement #retirementplanning #secureact #wealth #wealthplanning

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