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Rolling Over Your Retirement Account: Make an Informed Decision for Your Future

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Hi, I'm Stuart Willis with Asset Preservation, Wealth, and Tax.

While the idea of managing your retirement account entirely on your own might seem appealing, especially for cost-saving, it's crucial to understand when this approach might actually cost you more in the long run.

A significant opportunity exists for many plan participants once they reach 59 and a half years old: eligibility for an in-service rollover. This means you don't have to wait until you fully retire to gain access to professional financial guidance for your retirement savings.

The Potential Benefits of a Rollover to an IRA:

More Investment Choices: IRAs typically offer a broader universe of investment options compared to many employer-sponsored plans.
Potentially Lower Fees: In many cases, a well-managed IRA can come with lower overall fees than some institutional plans.
Hands-On Fiduciary Guidance: An IRA can provide access to personalized, fiduciary advice, ensuring your investments align with your unique goals and risk tolerance.

Understanding the Trade-Offs:

It's equally important to acknowledge what you might be giving up. Employer plans often come with specific features, such as ERISA protections (which offer certain legal safeguards) and loan access. These are plan-specific features you typically won't find in an IRA.

That's precisely why we begin with a rollover readiness review. We meticulously examine the fine print of your current plan and compare it to the possibilities available within a professionally managed IRA. Our goal is simple: to help you make a confident, fully informed decision about your financial future, ensuring your rollover (or decision not to roll over) is the right strategic move for you.

If you're thinking about rolling over your 401(k), 403(b), or Thrift Savings Plan, let's run the numbers together to find the best path forward.