Rolling your employer-sponsored accounts such as a 401(k) or pension can seem overwhelming due to the several options available in today’s market. LifePlan Financial Design can help retirees work through the pros and cons of their options to work toward their retirement goals.
Rolling your 401(k) or other work-sponsored accounts into a traditional IRA offers the benefit of additional investment options and even the possibility of lower fees than what you’d pay in a 401(k) once leaving your employer.
Converting a traditional IRA to a Roth IRA can potentially provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover you would have been better off if you hadn’t converted it? Our team of financial professionals can help you walk through the process of converting a traditional IRA to a Roth.
To talk to one of our licensed advisors about the option of rolling over your IRA or 401(k), fill out the form below, and someone will reach out to you.