 |
|
|
|
Don't leave your retirement plan behind.
Know your options and make the right move.
|
When retiring or changing jobs, you are faced with the important decision of what to do with your existing retirement account. What you choose will have long-lasting effects on your future plans. Before you make your move, ask yourself these questions: |
|
- Are you satisfied with your plan's investment choices and advice?
- Should you consolidate your accounts?
- Are you aware there are at least 7 ways you can tap into your retirement plan early and not pay an IRS penalty?
- Do you know how to turn your retirement plan into an income stream in retirement?
Know your options
One option for a smooth transition from your current retirement account to a new one is a Rollover IRA. It's a special kind of individual retirement account (IRA) specifically for transfers of money from employer-sponsored plans, such as a 401(k) or 403(b).
Some features include
- The same rules for earnings and withdrawals as a traditional IRA
- Deferred tax status until retirement
- Ability to transfer at a later time into your new employer's plan
- Possibility of converting into a Roth IRA
Practical solutions and objective advice
Dealing with a retirement plan rollover is a complicated decision. A good advisor can be the key to your success.
UMassFive Financial & Investment Services provides investments through CUSO Financial Services LP (CFS), our independent broker dealer. We can lay out all the options and try to develop a plan that will help you get a better return on your retirement assets and avoid costly mistakes.
So if you are changing jobs, retiring, or are unhappy with your current retirement plan, take control. Let us help you make the right move to better match your expectations.
Investment products and services offered through CUSO Financial Services,
L.P. (CFS), an independent broker/dealer, are not NCUA/NCUSIF insured,
not Credit Union guaranteed and may lose value. Advisors are employed
by UMASSFive College Federal Credit Union and registered through CFS.
(Member FINRA/SIPC).
For questions or assistance, please contact Financial & Investment Services at 800.852.5886 ext 5580, or email us today!
