Retirement isn’t the only reason you might leave a job, but the decisions around what to do with your employer-sponsored retirement plans are similar.
How you handle your retirement accounts when you leave an employer is a huge decision. A myriad of rules and regulations – some from your employer and some from the tax code – make this dangerous and confusing ground. The CFS Financial Advisors* of United Investment Planning have helped hundreds of members navigate this complex territory and will help you understand your options, evaluate your choices, and make decisions based on your goals and what’s best for you.
Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA, we’ll help you consider various factors including, but not limited to: tax implications and exceptions**, investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock. Because each situation is unique, our goal is to help make sure you understand all your options so you can make the best decision for you.
** For specific tax advice, please consult your tax advisor.