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Hi, I'm Stuart Willis with Asset Preservation, Wealth, and Tax.
If you have accumulated savings in a 401(k), 403(b), or Thrift Savings Plan, that's an excellent start to your retirement planning. However, many individuals are unaware of a powerful and strategic move they may be eligible for while they are still actively working: the in-service rollover.
Once you reach age 59 ½, most employer-sponsored retirement plans permit this "in-service rollover." This allows you to transfer a portion of your retirement savings into an Individual Retirement Account (IRA) without incurring taxes or penalties. The significant advantage of this move is that your funds can then be professionally managed by a fiduciary.
The Power of Professional Fiduciary Management:
Professional management can lead to demonstrably better financial outcomes. In fact, studies have consistently shown that individuals with professionally managed retirement accounts tend to outperform self-directed investors by an average of 3% annually. While 3% might seem like a small percentage, over a typical 20-year retirement, this difference can compound into hundreds of thousands of dollars in additional income, significantly enhancing your financial security and lifestyle in retirement.
Important Considerations and a Full Picture Review:
Of course, it's crucial to consider all aspects. Some employer plans offer specific protections under ERISA (Employee Retirement Income Security Act) and may include loan provisions that are not typically available in an IRA. That's why it's essential to look at the full picture of your personal financial situation and goals before making a decision.
If you are over 59 and a half, now is an excellent time to explore your retirement rollover options. It's about empowering you to make the most of your retirement savings with a strategy that truly fits your needs.
Ready to explore your strategic rollover options?
All you have to do is click the button below to schedule your absolutely free Retirement Rollover Review today. We’ll help you make the most of your retirement savings with the strategy that fits you best.
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