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.