Consolidating your retirement income
Besides just simplicity and convenience, consolidating your retirement income into one account helps your investments work together for more effective retirement income planning. By transitioning all of your retirement funds into one place, you can identify and track your income sources, expenses, and investments. This can help you better understand your cash flow, make better financial decisions, and ensure that you are maximizing your retirement savings. Additionally, consolidating your retirement income sources into one account can simplify the process of withdrawing funds when you need them, as you have only one single account.
Please keep in mind that rolling over your qualified employer sponsored retirement plan (QRP) assets to an IRA is just one option. Each option has advantages and disadvantages, and the one that is best depends on your individual circumstances. You should consider features such as investment options, fees and expenses and services offered. Investing and maintaining assets in an IRA will generally involve higher costs than those associated with a QRP. We recommend you consult with your plan administrator before making any decisions regarding your retirement assets.
Your money…where you need it….when you need it
Comprehensive planning means working with you to identify your retirement income sources, organizing your financial life, and implementing a consolidated retirement income stream for easy access.
