Starting a new job is exciting, but what happens to the retirement savings you've already built up? Leaving your 401(k) behind with your previous employer may mean missed opportunities for growth, flexibility, and security. Now is the perfect time to take control of your retirement funds by rolling over your 401(k) to an IRA, and here’s why it's a smart move.
More Investment Choices: Unlike traditional 401(k)s, IRAs offer a wider range of investment options, allowing you to better customize your retirement portfolio.
Potential for Tax-Deferred Growth: Keep your savings growing tax-free until retirement, and explore options that better suit your risk tolerance and long-term goals.
Increased Control & Flexibility: With an IRA, you’re in charge, enabling you to make investment decisions that align with your personal financial plan.
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Principal Protection: The key feature of a Fixed Index Annuity is that it protects your initial investment (principal) from market downturns, meaning you cannot lose your original money invested, even if the stock market falls.
Market-Linked Growth: While protecting your principal, FIAs still allow you to participate in a portion of the stock market's positive gains by linking their returns to a market index like the S&P 500, offering potential for growth.
Guaranteed Lifetime Income Options: Choose annuity options that can provide guaranteed income throughout your retirement, ensuring you never outlive your savings.
Predictable Returns: Although not guaranteed, FIAs provide a degree of predictability in returns as they are tied to the performance of a specific market index, offering some stability compared to directly investing in stocks.
Tax-Deferred Growth Potential: Like other retirement investments, FIAs grow tax-deferred, helping you keep more of your hard-earned money.
An estimated 1 in 5 U.S. workers have left behind or forgotten 401(k) retirement accounts, according to estimates by Capitalize, a financial services company. Source: CNBC
IRAs Offer More Investment Options Compared to 401(k) Plans – An IRA is typically held by a brokerage or investment firm. In general, it offers more investment options than a 401(k), but contribution limits maybe much lower. Source: Investopedia
Nearly 7 in 10 retirees who own an annuity are more confident their savings and investments will not run out if they live to age 90, compared with 57% of retirees who don’t own an annuity, the 2016 LIMRA survey found. Source: Kiplinger
Because your values and goals are personal to you, a one-size-fits-all solution simply won't do.
Consulting with an experienced professional can help you explore options to find the right balance of benefits tailored to your needs.
As your life evolves, so do your needs. I’ll be there to help you every step of the way.
Disclaimer: This information is intended for marketing and informational purposes only and should not be interpreted as financial advice. It is not a substitute for guidance from a qualified insurance or financial professional. We strongly recommend seeking professional assistance before making any financial decisions. Additionally, the information provided in this material is not intended to serve as tax or legal advice. For advice tailored to your specific circumstances, please consult qualified legal or tax professionals. This content is not approved, endorsed, or affiliated with any governmental agency or any insurance or financial institution.
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