Retiring? What about my 401(K)?

When retiring, what options do you have for your 401(K) ?

Generally, you have three options.

1. Roll over your 401(K) into an Individual Retirement Account (IRA)

2. Leave your 401(K) in your former employer’s plan, if allowed by the plan

3. Take your money out and pay the any taxes and, if applicable, any penalties.

Each of these options has advantages and disadvantages and the one that is best for you depends on your current situations.

We can help you create a financial plan that will help evaluate these options and review investment choices, fees and expenses, and other services offered.

Call us today.