Lost Your Job? You Have Options...
Lost Your Job? You Have Options...
If you recently lost your job, you have options for your 401(k) plan.
And we can help!
There are a variety of investment options that may not have been included in your 401(k). Examples include:
- Lost your job; that is considered a triggering event and you are eligible to rollover your 401(k) to an IRA.
- Retain the assets in his or her previous employer's plan if an option.
- Transfer the assets to a new employer's plan if an option.
- Rollover the assets into an IRA.
- Cash out the balance (rarely a good option; however, may be appropriate for some investment objectives).
- Professional money management with a financial firm.
- Self-directed IRAs to purchase real-estate.
- This will offer you a variety of investments that may not be included in your current 401(k). Also a line up of fixed investments to help secure principal.
- Wait to rollover if you're between the age of 55-591/2. You may have additional liquidity options.