Benefits of consolidating retirement accounts

Please keep in mind that rolling over assets to an IRA is just one of multiple options for your retirement plan.

Each of the following options is different and may have distinct advantages and disadvantages.

You should consult with the plan administrator and a professional tax advisor before making any decisions regarding your retirement assets.

You may gain tax benefits by converting funds from employer-sponsored retirement plans such as a 401(k) into a Roth IRA.

Since 1979, Wells Fargo has been serving the retirement planning needs of small and large businesses and now manages more than billion in retirement plan assets.

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For a start, we can explain the various options for your retirement plan savings and How to transfer your IRAs.If your retirement is 10 years away - or 40 years in the distance - that is too long to be on a stock market white-knuckle ride.There may be countless record highs and dramatic sell-offs between today and the day you stop working, so you need to come up with a plan. Whether you need slow, steady, long-term growth; or you are looking for an aggressive surge to try to make up for lost time; Stock Cross Investment Specialists will help you custom-build a strategic plan that is right for you.Here are some potential advantages of rolling your plan balances into an IRA.Perhaps you feel limited by your workplace plan’s investment choices and are willing to pay potentially higher fees in exchange for more investment options.When considering rolling over assets from an employer plan to an IRA, factors that should be considered and compared between the employer plan and the IRA include fees and expenses, services offered, investment options, when penalty free withdrawals are available, treatment of employer stock, when required minimum distributions begin and protection of assets from creditors and bankruptcy.


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