With you when….Starting a new job

Helping you define your new tomorrow

You’ve been successful – not just in your career, but in your life as well.  Now that you are starting a new job, it’s time to clarify your vision, refresh your motivation, and take action.  A well-designed plan can help you do just that.  We can help you create a plan that aligns your money to what you want in life so you can move forward and create your future.

Our team acts as a sounding board and can bring candid, unbiased perspectives, and provide financial education support to help you stay focused and plan for the future.
 

What should you do after a job promotion?

You’ve been promoted.  What happens next?  Being promoted may mean getting a new corporate title, more compensation, and acknowledgment on a job well done. When you get a promotion, use this boost in confidence to evaluate your plan. 

• Can you save more in your corporate retirement plan?

• Are there demands of the new job which may require time or money?

• Do you thoroughly understand your new employee benefits including stock options?

 

What should you do after a job loss or change?

If you have been displaced or are changing jobs or retiring, of the most important decisions you may face is how to handle the savings you’ve accumulated in your qualified employer-sponsored retirement plan, such as a 401(k), 403(b), or governmental 457(b).

Having a plan for this money can help minimize taxes and make the most of your savings. You generally have four options:

• Roll over your assets into an Individual Retirement Account (IRA)

• Leave your assets in your former employer’s QRP, if the plan allows

• Move your assets directly to your current or new employer’s QRP, if the plans allow

• Take your money out and pay the associated taxes and potential penalties

Each of these options has advantages and disadvantages, and the one that is best depends on your individual circumstances. We can help you consider features, such as investment choices, fees and expenses, and services offered.