Call Us At (832) 728 2855
Call Us At (832) 728 2855
IRA 401K Rollover Services
What to do with your 401K funds when you retire or are no longer working with the same employer? An IRA rollover is an option worth exploring.
401Ks have essentially replaced pensions as the way
companies offer employees a path to earn retirement
income for years of service.
However, the investment opportunities offered by employers within their 401K plans are limited, giving you few options to explore other investment opportunities.
As you approach retirement and assuming control of your 401K, you might consider moving your money into an IRA 401K Rollover. This program opens up options to the entire investment marketplace and is a prudent way to maximize your retirement income opportunities. Additionally, when you work with a private money manager like Secure Money Advisors, you will lower the cost of investment fees and gain the added benefit of a tax planning strategy.
Interested in learning more about IRA 401K Rollovers and how they can work for you? Call our office at 832-728-2855 or schedule a meeting.
How Grayson Financial Handles 401K Accounts
Depending on their status, 401Ks can offer a number of challenges – and opportunities – for financial advisors. It usually depends on the employment status of the client. We generally deal with three types of 401Ks:
- Moving an old 401K account into a new one
- Moving an old 401K into a Rollover IRA such as a Roth IRA
-
Reinvesting 401K account funds when an employee
turns 59 1/2
In the case of moving an old 401K account into a new one, that usually involves a client not close to retirement who has moved from one job to another and has two 401K accounts. Although the obvious and easiest move for some people is to roll the old one into the new, the problem is:
- The now combined 401K has a limited number of investment options – usually no more than 15 – which restricts financial advisors like us working with you to improve your portfolio
The best option with an old 401K is to move it into a self-directed Rollover IRA, such as a Roth IRA, which allows for unlimited investment opportunities.
When our clients reach 59 ½, our options expand. Government regulations allow employees to do an in service withdraw – meaning they can take all or most of the money out of their 401K and invest it anywhere while still keeping the existing 401K active.
The result: The door is now open for Secure Money Advisors to help you find better more profitable investments for your former 401K funds.
Grayson Financial’s 401K Strategy
While many financial advisors have standard methods for dealing with 401Ks and how they invest these funds once they are freed up, Secure Money Advisors looks at things from a considerably different but effective perspective not just for 401K funds but most investment portfolios. For example:
We’re not selling our clients investments but building a plan for their portfolio.
The plan is based on data and math.
If the math doesn’t line up with your investment strategy, we’re not going to encourage you to move your funds from their current location.
As a result of this strategy, we consider ourselves problem solvers, not sales people.
Once you trust the data and math and see the results, you’ll be more confident in your investment strategy.