When you leave your job or are ready for retirement, you’ll need to decide what to do with the money in your employer-sponsored retirement account. At Marin Wealth Advisors, we can advise you about your options, including the features, costs, and advantages and disadvantages of each one. We also provide guidance about rollover account transfers, contributions and distributions. With each option treated similarly under IRS rules, you might take any of these actions with the money you’ve accumulated:
Open a Rollover IRA which gives you the flexibility of access to nearly unlimited investment options, including stocks, bonds, exchange-traded funds (ETFs), and mutual funds, as well as more control of your investments.
Stay in your current employer-sponsored retirement plan. This may allow you to invest in funds available only in that plan but may also subject you to higher fees than a Rollover IRA.
Transfer your funds to another employer-sponsored retirement plan to consolidate your assets in one place and have the opportunity to borrow from your account if needed.
No matter which choice you make, remember this: Smart consolidation of accounts is one of the keys to the overall performance of your retirement investments, and we can advise you on all your retirement assets wherever they are held.
If you want help with your 401(k) plan investments, we are here to advise you on allocations and investment choices and then review your account each quarter.