Consolidating Retirement Accounts
Manage your retirement savings by consolidating your accounts to one place.
There can be many potential benefits to consolidating your money under one roof—for example, more effective management of your asset allocation, diversification, potentially lower fees, more services, and better planning.
In or nearing retirement, everyone should begin to look closely at their funds. If you have IRAs, 401(k)s, and pension plans at multiple firms, you may want to consider consolidating your accounts** with these four options:
- Rollover into an IRA
- Keep your funds where they are
- Roll into a new 401(k)
- Cash out
Each choice has its own benefits and considerations, and our financial professionals at South Metro Wealth Management, available through Osaic Institutions, Inc., can help you determine the best strategy for your situation. We’ll walk you through the pros and cons and explore ways to potentially:
- Save money on annual fees
- Allocate, diversify, and rebalance your portfolio
- Simplify required minimum distributions
- Provide access to one easy, consolidated statement
To learn more about your options, contact us today to schedule a complimentary, no-obligation appointment.
Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Osaic Institutions and South Metro Federal Credit Union are not affiliated. Products and services made available through Osaic Institutions are not insured by the NCUA or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any credit union or credit union affiliate. These products are subject to investment risk, including the possible loss of value
Osaic Institution representatives do not provide tax or legal guidance. For such guidance, please consult with a qualified professional, information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.
**Before deciding whether to retain assets in an employer-sponsored plan or rollover to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors, and legal judgments, required minimum distributions and possession of employer stock.