If you’ve experienced job changes throughout your career, you could have some scattered retirement dollars. Although it may be easier to leave the money where it is, there are benefits to consolidating your retirement accounts into one affordable option.
Check out this video that shows a simple, straightforward retirement solution that could help boost retirement savings while potentially minimizing expenses.
We offer this option through our agency. Call or email me today so we can design a retirement savings strategy that works for you. My office number is 330-794-2211.
Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA, SIPC. Main Office: 2920 South 84th Street, Lincoln, NE 68506. (877) 232-2142. Check the background of this firm on FINRA’s BrokerCheck website http://brokercheck.finra.org. Mutual Fund shares are issued by third parties not affiliated with Allstate. Mutual funds are subject to risks, including the loss of your investment. Diversification does not protect against loss. The Fund may impose a fee upon the sale of your shares or temporarily suspend your ability to sell shares. An investment in the Fund is not insured or guaranteed by th
e Federal Deposit Insurance Corporation or any other government agency.
Before making any rollover decisions, you must carefully consider all available retirement plan options including leaving the money in the current plan (which may be beneficial in certain circumstances), rolling the money to the new employer's plan, installment and annuity payments (if available) and IRA rollovers. The key factors for the decision include: 1) investment options, 2) fees and expenses (including both investment options and account-related fees and expenses), 3) differing service levels available, 4) withdrawal penalties, 5) creditor and legal protections, 6) required minimum distributions, 7) employer stock, 8) income needs, and 9) tax impact and penalties. Tax consequences will vary and you should consult with a tax or legal professional.
IRAs are considered a long-term investment. Withdrawals from a Traditional or SEP-IRA are generally subject to income taxes, and if taken before age 59½, may be subject to an additional 10% IRS tax penalty. Withdrawals from a Roth IRA are generally not subject to income tax provided certain requirements are met. Information on Traditional, Roth, and SEP-IRAs is available in the LiveWell® Mutual Fund IRA disclosure.
NOT FDIC/NCUA INSURED, MAY LOSE VALUE INCLUDING LOSS OF PRINCIPAL, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.
29288M PRT 06-19