Sit, Stay, Rollover: A Guide to IRA Rollovers
If you have a 401(k) with a former employer, you may want to consider IRA rollovers.
If you have a 401(k) with a former employer, you may want to consider IRA rollovers.
Your old retirement plan is great. It’s loyal and nice to have around but maybe it’s time to teach it a few new tricks. If you’ve recently left your job, you’re no longer making contributions to your old 401(k). Rather than leave that 401(k) where it is, consider rolling it over into IRA or Individual Retirement Account.
IRAs made up an estimated $5.4 trillion dollars of retirement assets at the end of 2012. 72% of households reported having an IRA making them one of the more popular choices for retirement savings. The average 401(k) has roughly 25 investment choices. While an IRA with the leading financial institution may have many, many more.
The ability to choose what type of investments are included in your retirement account means greater flexibility and control but it also means it’s important to carefully consider your choices. It can be hard to teach an old dog new tricks. Woof.
Call today and we can talk about whether a roll over may be right for you.
rebel Financial is a Registered Investment Advisor that provides retirement planning, estate planning, financial planning, and investment management services to individual and institutional clients. To get a more detailed description of the company, its management, and practices, view our (form ADV, Part2A) and Disclosures.
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