The average American worker stays at a job only 4.2 years. Many had funded retirement accounts they’ve left with the employer’s plan custodian when they moved to a new job. Leaving retirement savings at multiple employers can create higher investment costs to keep the account in former employer plans or create an inconvenience to maintain and rebalance.
This drawback may lead investors to consider rolling over their retirement savings plans or other investments to another advisor to manage or to a new fund custodian. Many times your new advisor will assist you with the transfer paperwork, but what can you do before completing the Transfer Initiation Form (TIF) to understand the process and help ensure a ‘worry-free rollover’?
In conclusion, if you have retirement savings at multiple employers or advisors, I can help you manage your assets in one place. We can also help navigate the transfer process for you. Having an active role in financial planning includes bringing assets together. This allows you more investment choices and on-going monitoring. In addition to not leaving them where you can’t actively manage them.
In addition Demo DMS. specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard as you did saving it. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!
These are the opinions of the author and not necessarily those of the Registered Investment Adviser or Broker/Dealer. They are for informational purposes only. Do not be construe or act upon these opinions as individualized investment advice.