Employer Plan Rollovers
A Rollover may be possible if you have left your employer for retirement or other reasons. We can help with the rollover process from your employer by offering:
1) Creation of the appropriate IRA depending on the nature of the employer account:
*) Regular tax-deductible 401(K), 403(B), 457(B), and ESOP plans can be rolled over into a single IRA account.
*) Roth 401(K) or Non-Deductible 401(K)s can also be rolled over into a Roth IRA or Traditional Non-Deductible IRA.
2) Assistance with requested information to open up an IRA account or transfer one that you already have at another institution.
3) Facilitate the onboarding process with electronic transmission of information and possibly signatures.
If keeping your account at your former employer is permitted, the following questions should be answered:
What are the total annual costs for your former employer's retirement plan?
These costs include investment (retail funds) costs, management costs, transaction costs, brokerage costs, custodial fees, and other direct and indirect costs charged to you.
Does the current asset allocation in your retirement plan reflect your unique financial situation?
Your financial situation may have changed since you initially selected the allocation for your employer plan contributions. A review of your situation should be matched with your current risk tolerance and expected returns.
Transfers
Whether due to changing jobs or exploring different investment options, it's common to have accumulated multiple investments by retirement. While having various investments can be a good achievement, looking for a more efficient way to consolidate your investments might be helpful. This can prevent a cluttered record-keeping process and give you clear insight into your overall asset distribution, expenses, and risks. Some potential benefits of consolidating your retirement accounts with Carr Wealth Management, LLC, include:
Standardize your investment approach by clearly aligning your objectives and goals with your investments and risk tolerance.
Consolidate your accounts to save time and money.
Utilize the lower costs offered by our competitive low-cost investment options and fee-only fee structure.