1330 23rd Street South
At Legacy Wealth Management, we know that financial paperwork can be overwhelming and confusing, and it sometimes prevents people from taking action to consolidate their accounts. But we also know that 401(k) rollovers to an IRA may be an excellent way to gain more control over your accounts and seek a greater variety of investments that aren't typically available in employer-sponsored retirement plans. There isn’t a single, best solution that fits everyone’s needs because each individual situation is unique. It’s important to know you have choices. We're here to provide you with all the 401(k) plan rollover options and information that you need. It’s our specialty!
There are several choices investors have when rolling over money from one plan to another. Since each choice has its own implications, it is recommended that you discuss and compare all potential fees, expenses, commissions, taxes, and legal ramifications with a qualified advisor before making a rollover decision.
A plan participant leaving an employer typically has four options (and may engage in a combination of these options):
Each choice offers advantages and disadvantages, depending on the desiredinvestment options, services, fees and expenses, withdrawal options, requiredminimum distributions, tax treatment, and the investor's unique financial needsand retirement plans.
Proper care and supervision of these accounts may make a significant difference in your retirement. If your retirement is important to you, it’s important to us.
The question is, are you doing the right things to help ensure you will have enough money to retire? For people who may not be separating from their company, a rollover could still be a valid option! And typically, there are no tax implications or impact on your current contribution limits.
For further information on how to handle your 401(k) plan or other retirement plans, speak with one of our licensed advisors. Remember, there is no charge or future obligation when you meet with us for help.
It's a fact that people are living longer today than they did 50 years ago. The most common question we get asked at Legacy is: “Will I outlive my retirement savings?”
Our goals at Legacy are straightforward. First - we want to help your account grow. Second - we want you to sleep soundly at night knowing you have a team of professionals working for you, and watching out for your investments.
We're a locally owned business with over 25 years of experience!