Retirement Account Rollovers

Considering Rolling Over Your Retirement Account?

If you have retired recently or are retiring soon, you may be considering what to do with your retirement account (401k, 403b, 457, etc.). Should you roll it over or just leave it there? Many employers require you to do a roll-over within a certain amount of time after retiring. Some employers let you leave it there longer.

Why Roll It Over?

One of the biggest reasons to do a roll-over is that there is a whole world out there of various investment choices that your current account does not offer. Most of the time, the investment choices you have inside your retirement plan are very limited. There are usually some good ones, but also some that are mediocre or below average. Why not have at your disposal all of the best investment choices that are available? If you work with a qualified advisor, he or she can help you determine what choices look the best for you.

Plan For the Stretch-Out

A few years ago the rules changed allowing your beneficiaries the option of stretching out paying taxes on an inherited retirement account or IRA. This can mean huge amounts of savings because all of the taxes do not have to be paid all at once. Rolling over your retirement account may make it easier to make sure your beneficiaries can take advantage of the Stretch-Out. Newer planning techniques are now available including the IRA/Retirement Trust that can help protect your account.

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