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Consolidating 401k(s)Consolidating accounts can offer financial benefits in certain situations, allowing investors to enjoy a complete view of their investments, track tax opportunities, reduce fees and commissions, and plan more effectively. Some employer based retirement plans do offer other options which can include, leaving the money in your former employer's plan, if permitted; Roll over the assets to your new employer's plan, if one is available and rollers are permitted; Roll over to an IRA; or cash out the account value.
401k Rollover One way to consolidate accounts that proves beneficial for many is to rollover a 401k into an IRA or Roth IRA. IRAs generally allow for a more diverse field of investment options, and account fees tend to be cheaper. There are two types of IRAs, a traditional IRA and a Roth IRA, that differ mostly in how they are taxed.Burr Capital Advisors’ 401k Investment ServicesWe know that you aren’t just looking for any investment company to protect your future savings, and it is important to find someone you can trust. We understand that, and strive to offer a service that is as transparent and straightforward as possible; we are always ready to answer any client questions about their current and future investments in order to tailor a strategy that benefits them.
Are you looking for financial planning assistance? Our advisors can help you gain peace of mind knowing that your financial future is being taken care of. If you have questions about how we can help you, please don’t hesitate to give us a call.