Helping

plan participants prepare for retirement


Having a good understanding of your company retirement plan and its benefits is an important part of reaching the goal of a comfortable retirement. Our team is committed to meeting with you and your fellow co-workers on site and being available to answer your individual questions anytime. We take the time to understand your needs and goals and offer our objective investment advice.

401(k) plan guidance to help the transition

If you’ve changed jobs or are retiring, rolling over your retirement assets to an IRA can be a sound strategy. It is a non-taxable event when done properly – and gives you access to a wide range of investments and the convenience of having consolidated your savings in a single location.

In addition, flexible beneficiary designations may allow for the continued tax-deferred investing of inherited IRA assets. We can handle all details for you, including contacting your former plan administrator, opening your new rollover IRA and completing the paperwork.

In addition to rolling over your 401(k) to an IRA, there are other options. Here is a brief look at all your options. For additional information and what is suitable for your particular situation, please consult us.

Leave money in your former employer’s plan, if permitted
Pro: May like the investments offered in the plan and may not have a fee for leaving it in the plan. Not a taxable event.

Roll over the assets to your new employer’s plan, if one is available and it is permitted.
Pro: Keeping it all together and larger sum of money working for you, not a taxable event
Con: Not all employer plans accept rollovers.

Roll over to an IRA
Pro: Likely more investment options, not a taxable event, consolidating accounts and locations
Con: Usually fee involved, potential termination fees

Cash out the account
Con: A taxable event, loss of investing potential. Costly for young individuals under 59 ½; there is a penalty of 10% in addition to income taxes.

For your convenience, we’ve provided links to these retirement plan websites

Raymond James is not endorsed by or affiliated with these organizations.