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Rollover a company tax-deferred plan at every opportunity

By June 15, 2021October 3rd, 2023No Comments

A key to wealth management is often making sure you are using the best investment vehicles available to you. You should rollover a company tax-deferred plan (401K, 403b, 457b, etc.) to a traditional IRA at every opportunity. The sad thing is that many tax-deferred plans restrict the available funds to those with high expense ratios as well as the number and type of investments. You can minimize this negative effect by investment choices within and outside your tax-deferred plans to improve your overall wealth management program.

In order to maximize flexibility, anytime you leave a job with a company tax-deferred plan, roll it over to an Individual Retirement Account (IRA)Do not roll it over to your new employer’s plan with another set of restrictions. Since it is your money, it might surprise you how difficult the plan you are transferring money from makes the process. They don’t care about you. They just want to keep their management fees. Take action to avoid the negative future performance.


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