Timothy Sumer

Unfortunately, this is a problem we see all too often. As an employee, many times people leave their old 401k at the place of their previous employer. They become busy and often forget to take action to move it, without realizing the importance of this financial decision. If the 401k is left at an old place of work it could be managed poorly. There may be poor investment choices, the manager could be doing a bad job, or you may have never been educated on how to invest and the 401k was left in cash. These could all hurt your financial future in retirement. By rolling the 401k into an IRA, you obtain much more flexibility. Often in 401ks you are limited to a select few mutual funds. In an IRA, you are free to invest the funds in a variety of options. By finding the right financial professionals, they can often take care of this process for you. Here at Wilsey Asset Management, we have many years of expertise when it comes to handling rollover IRAs. By rolling the funds to an I...