To roll over or not?

The employer-sponsored retirement plan is one of the most popular types of retirement savings plans. In fact, most people at some point in their lives have contributed to some type of employer savings plan like a 401k or 403b. However, the popularity of this type of plan brings many questions and options.
One common question that we get on a regular basis is the rollover question; what should one do with the plan once they change employers, separate from service or retire.
When one separates from service for any reason, the option to take the money out of the retirement plan and do something else with it comes available. The decision you make here is very important and can have many consequences.
Participants generally have five options when leaving their employer-sponsored plan, consisting of:- Leaving the money in the former employer’s plan, if permitted- Rolling the assets to a new employer’s plan, if one is available and rollovers are permitted- Rolling the assets into a Traditional IRA- Converting the money to a Roth IRA- Cashing out the plan
There are advantages and disadvantages to each of these options. Deciding what to do is an important decision, and many factors should be considered.
To learn more about these options, including the advantages and disadvantages of each and what specifically you can do to make sure you get the proper advice, contact me directly at 702-462-7233 or Agoodman@AskAdamGoodman.com Investment Advisory Services offered through Brookstone Capital Management LLC, a SEC Registered Investment Advisor. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. This information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Content is provided by third parties for informational purposes only and is not a solicitation to buy or sell any products mentioned. (Advisor Name) and (DBA) are not endorsed by or affiliated with the Social Security Administration or any government agency.