Financial investing for retirement comes with many options for Columbia, MO workers changing jobs or who have recently retired. During these times, you may have to make some choices about what you do with a 401(k) or a TSP (if you worked for the federal government.)
We’ve recently written an article about some of the less frequently recognized things to consider when deciding what to do with these 401(k) plans when you leave a company.
For example, did you know:
Many advisors may have a conflict of interest when recommending you roll over funds from an existing retirement account to an IRA?
If you choose to roll the old 401(k) into a new financial account, doing so incorrectly could cause a large tax hit and a loss of 10% of your money?
These things are covered in our Columbia Tribune article about account rollovers. Please check it out.
As a financial planner specializing in comprehensive financial planning, Tim enjoys helping clients in Columbia, MO with a wide range of retirement accounts and other financial issues.
If you would like to learn more about this and other personal topics serviced by financial planners please contact us at 573-447-7007. Clarity Financial, LLC is a fee-only financial advisory firm in Columbia, MO. Appointments are welcome and initial consultations are free.
Certified Financial Planner™ professional
Member of the Alliance of Comprehensive Planners
Member of the National Association of Personal Financial Advisors
Enrolled Agent designation from the IRS
This article is the property of Clarity Financial LLC.
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