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401-K Rollovers

Retiring? Changing Employers? Reviewing Forgotten 401-K Plans? Consider a 401-K Rollover.

When you retire or leave your current employer, you have the option of rolling over your 401-K account into your Individual Retirement Account (IRA).  This not only consolidates your retirement plan assets but it also gives you more investment options at lower costs. You have more control and you gain more investment choice. Most people have no idea how much is being taken from their 401-K plan account for expenses and fees because there is no separate line item on the statement which shows you the fees being taken. Just because you don't see the deduction on your statement doesn't mean the fees weren't taken!

There are many considerations before actual initiating the transfer of assets. We advise our clients on whether they should rollover into an IRA and whether they should stick with the classic IRA or choose to go the Roth IRA route.  Of course if you are rolling over from a Roth 401-K account you would simply roll into a Roth IRA account.  This is assuming you are retiring and not continuing to work.  Should you be leaving one employer and going to another, there are other important considerations you should review before making any changes.

 

Questions? Speak to a Financial Advisor? 

Email Us Now or Call Us Directly 203-614-9575

 

Rolling Over Your 401-K Plan Assets is Easy!

Rolling over your 401-K plan assets from your employer-sponsored retirement plan is usually very easy. The first step is to establish a new Rollover IRA account. We can help you do this and review the options that are best for your personal situation. The next step is to instruct your 401-K administrator or custodian to send your 401-K balance to your new IRA account custodian as a "Direct Rollover". This means that a check is sent payable to your new IRA account custodian and not to you personally. This will help you avoid constructive receipt of the 401-K funds. If you don't initiate a Direct Rollover you could create a taxable event. Having the 401-K funds sent directly to your new IRA Rollover account avoids creating any taxable event and your funds continuing to be tax-deferred in your new IRA Rollover account.

Choosing the right account for your new IRA Rollover account is crucial for two very important reasons. The first reason is to provide you with the greatest flexibility and choice in investment options. Why choose an account where you are restricted in which investments you can choose? The second reason is to minimize the account fees and trading costs. The goal should to be choose an account where you have the greatest choice in investment options and programs at the lowest possible total cost. This sounds much easier than it is to accomplish because most financial firms do not disclose everything you need to know upfront. It's also difficult to discern if you will actually have the choices in how to invest that you think you might or should.

 

What Makes CFIG Your Best Choice?

No Annual or Account Fees on IRA Accounts!
No Account Transfer Fees!
No IRA Account Custody Fees!

Unmatched Account Investment Options:

Stocks, Bonds, ETFs, Closed-End Funds
Over 27,000 Mutual Funds (Lowest Cost Share Classes Available)
Real Estate Investments (Publicly Traded REITs and Private Partnerships)
24/7 Online Account Access With Instant Performance Reporting
Official Quarterly Trust Company Statement
Access to a Qualified, Experienced and Credentialed Financial Advisor (Call/Text/Email/Skype/FaceTime/In-Person)

 

Safest Way to Custody Your Assets!

We use an independent trust company for our custodian. This is the safest way to custody your assets. With any retirement plan or IRA account, a custodian is necessary to actually "hold" your investments. This is required to ensure that the plan or account is following the required rules and regulations for the retirement funds. Having an independent custodian accomplishes two critical goals for our clients. It gives clients the greatest possible options of permissible investments at the lowest possible cost. Using an independent trust company assures clients that there is no conflicts of interest in any investment decision because the trust company is not a broker-dealer and does not have their own investment products, offering or product inventory. Anything we buy for our clients is purchased independently so that clients can be assured that the chosen investment is the best choice for the client at a fair market value. There is no reason to limit your possibilities. Ask us to show you why this should be your most important consideration.

 

Questions? Speak to a Financial Advisor? 

Email Us Now or Call Us Directly 203-614-9575

 

Should You Always Choose the Lowest Published Cost?

If you have shopped around for competitive or very low fares recently you probably noticed the wide variance in prices to popular destinations. Most people can't understand why one airline would charge you over $1,000 to fly to a particular city but another airline might charge you only $400 to fly you there. Don't all airlines have the same planes, gas expenses, labor costs and all the rest? Sure some airlines are better managed than others; some keep their expenses low. But once you buy the low priced seat don't you get hit with a fee for everything? What is the ultimate price you pay for the seat with all additional fees? Keep this in mind when you see discount brokerage ads touting $6.95 trades.

 


If you have any questions that are not answered in this section, please feel free to email us directly or call us directly at 203-614-9575.  We're here to answer any questions that you may have to make informed decisions. If we are not able to answer your call, please leave a detailed voicemail and we will get back to you very quickly...most often in minutes but certainly no longer than a few hours!

CFIG Wealth Management, LLC  •  PO Box 3305  •  Stamford, Connecticut 06905-0305 USA


Copyright 1991-2017 CFIG Wealth Management, LLC.  All Rights Reserved.  Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.  Insurance products and services are offered through Continental Five Insurance Group, Inc., a licensed insurance agency, 30 Old Kings Highway South, Suite 115, Darien, CT 06820.  Investment advisory services are offered through Continental Five Investment Group, LLC, a Registered Investment Advisor, 30 Old Kings Highway South, Suite 115, Darien, CT 06820.

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