Changing Jobs? How Will You Handle Your 401k?
You made a great choice when you enrolled in your company’s 401k plan but now you’re responsible for your own retirement account. The team at Lighthouse Services knows that it’s not always easy to save money and you definitely don’t want to waste invested money when you leave a job.
With help from our unique investment planning services and knowledge of IRA’s and ROTH IRA rollovers, we do our best to ensure that you have the knowledge you need to make the best decision for your future. Retirement has a way of sneaking up on you faster than you think. At Lighthouse services, we can match the best low-cost investment strategy with your goals.
Simply rolling over your investments into your new employer’s plan while an easy option may not match your retirement goals. In fact, the new DOL (Department of Labor) rule strives to better match retirement accounts with retiree’s goals or best interest.
What if you could increase your odds of success? Better diversification, reduced cost, custom fit aligned with your specific retirement goals. Making the right choices with your money, when it comes to changing jobs, means taking the time to do it right so you can make the most of your investment and retirement.
Understanding Your 401k and IRA
When it comes to deciding what to do with your 401k from your former employer, you have several options. Leaving it at your old employer can seem fine. Too often we hear about employees who simply lost contact or failed to keep up with their former companies’ retirement plan changes. You would hate to lose money simply because you didn’t have time to read an important email you meant to read later.
While you can always cash out your 401k, this is the worst option by far. Taxes and penalties will quickly eat away your hard-earned money!
You’ve Chosen to Rollover Your Retirement Account. Now what?
Lighthouse services can walk you through the rollover process, from start to finish. Our unique investment planning software simplifies all the options and lets you see a clear path to retirement.
Our team will assist you in rolling your money over to a new or existing IRA. The processes of receiving your previous 401(k) can vary but we will walk you through the entire process for each previous 401(k) you have.
Once the money has been rolled over, our one on one process will assist you with the decision-making process of where to invest to meet your goals. We will explain your options and how easy it is mapping out your best course of action for your future retirement.
Changing jobs or careers comes with its own sets of stress and problems, but taking care of your future retirement monies should not be one of them.Call us today at 256-964-9580 or find out more about us and let us help you and your future.
