401(k) Options for Retirees in Mobile, AL
When’s the last time you thought about your 401(k)’s investment mix?
Offering the Freedom of Choice
Exploring all options for your 401(k) assets is important and decisions should only be made after thoughtful consideration. Learn about all options and the pros and cons below.
Combining Your Accounts
If you have multiple 401(k) accounts from previous jobs, you can consolidate your accounts into a single IRA. this can make it easier to manage your retirement funds.
Investment Choices
IRAs offer more flexibility and, with the right firm, access to a larger product footprint. If unique investments are important to you, a rollover may be the right choice.
Professional Management
If you desire professional management and investment advice, you can transition your 401(k) assets into an IRA that is professionally managed by our experienced team.
Hardship Options
401(k)s can provide some additional hardship options for withdrawals that IRAs don’t provide. If there is a need to access your funds early, it may be wiser to keep your 401(k) account(s).
Examine The Fees and Value
Consider the value you receive from your 401(k) vs. the value provided by an IRA. Each account will have a different fee structure and different services offered from the provider. It’s important to choose the path that fits best with your need.
We offer advice, guidance, and support to anyone considering a 401(k) rollover and can help you weigh the pros and cons to make a knowledgeable decision.
Please be sure to speak to your representative to carefully consider the differences between your company retirement account and investment in an IRA. These factors include but are not limited to changes to availability of funds, withdrawals, fund expenses, fees, and IRA required minimum distributions.