My 401k and 403b Rollover Advice
You should consider me as your financial advisor when switching from growing your retirement accounts to distributing them.
This transition usually means moving some money from stocks to bonds, and I am a well-schooled in the economy, inflation, interest rates, and the bond market.
Do I need to roll over my account for you to provide advice?
No. You don’t need you to roll over your accounts to get advice. I offer flexible payment options for clients. I can have you pay an hourly fee if it costs you more to roll it over.
One of the reasons the Department of Labor created the Fiduciary Rule is their concern that financial advisors are recommending clients roll their 401(k) or 403(b) when it would cost them less to keep their money in their employer’s plan.
My advice is ongoing as we continue meeting and adjusting your accounts in retirement getting you the income and security you need.
- Review the fees in your 401(k) plan or 403b
- Review the fund lineup in your 401(k) or 403b
- Check if there are enough choices to offer retirement income security
- Calculate your retirement risk tolerance score
- Compare your risk score with your current 401(k) or 403b allocation
- Recommend if you should leave your 401(k) or 403b in your plan or roll over it to an IRA
- Design your retirement portfolio in either your 401(k), 403b or IRA using your retirement risk tolerance and income goals
Please be sure to speak to your advisor to carefully consider the differences between your company retirement account and investment in an IRA. These factors include, but are not limited to changes to the availability of funds, withdrawals, fund expenses, fees, and IRA required minimum distributions.
When We Are Done
You get a retirement portfolio where all of your investments work together to meet your retirement income goals.