Properly managing your 401k rollovers and IRA transfers contributes to your true wealth management plan. When done properly, you can minimize tax exposure and maximize investment opportunity. A 401k rollover or IRA transfer typically happens upon job transferring, retirement, becoming disabled or reaching the age of 59 and a half. Often, these steps are taken to consolidate your retirement assets. Doing so will help you simplify your assets and could also diversify your investments.
Planning for Retirement
The first step is realizing how much you should be putting away in your retirement accounts. There are many accounts available—Roth IRAs, traditional IRAs, deferred annuities, regular brokerage accounts, 403b, 401k and 457 plans. Where should your money be going? Understanding your options and each accounts' limits is important for your retirement goals; such as 2011's 401k limit is $16,500 and if you are under 50 years of age, your maximum contribution limit to a traditional or Roth IRA account is $5,000.
401k & Roth IRA Experts – Maximize Your Retirement Savings Today!
Let us help you maximize your retirement savings and coordinate your retirement account investments by defining a personalized plan of action. Ask our Utah investment advisors about best practices for 401k rollover or IRA transfer. We can answer any questions you may have and help you feel comfortable about the plan you choose.
For more information about how we can help you meet your financial goals, send us a message or call us at 801.377.9787.
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