In this time of job-changing and downsizing, you may need guidance on what to do with the assets you have accumulated in your company sponsored retirement plan. You may choose to preserve income tax benefits by rolling over into a Rollover IRA, or take the lump sum and pay the tax and penalties. Some companies even allow former employees to keep a retirement account intact until they reach retirement age.
There are two movies you should consider watching.
They will help you learn about the various options potentially available to you, and the financial impact of rolling over versus spending your accumulated retirement assets.
The IRA Rollover:
Options to Consider
When you leave your employer's sponsored retirement plan you may have as many as four options for your retirement assets. To make a good decision on how best to handle this money, it's important that you clearly understand the options available to you.
This movie will help educate you about these options.
of an IRA Rollover
Over time, compounding rates of return combined with tax deferral can turn a small amount of money into a much larger amount.
Using an example to illustrate the point, this movie can help you understand why a Rollover IRA can play an important role in strengthening your future financial security.