{"id":7468,"date":"2016-06-08T06:49:02","date_gmt":"2016-06-08T13:49:02","guid":{"rendered":"http:\/\/blog.paladinregistry.com\/?p=7468"},"modified":"2016-06-08T06:49:02","modified_gmt":"2016-06-08T13:49:02","slug":"roll-not-roll-retirement-plan","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/retirement\/roll-not-roll-retirement-plan\/","title":{"rendered":"To Roll Over or Not to Roll Over Your Retirement Plan?"},"content":{"rendered":"<p>When someone leaves a job and they have a retirement plan that was offered from that employer (ex: a 401(k) or <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.irs.gov\/retirement-plans\/retirement-plans-faqs-regarding-403b-tax-sheltered-annuity-plans\" target=\"_blank\" rel=\"nofollow\">403(b) plan<\/a><\/span><\/strong>), the person has 2 options:<\/p>\n<ol>\n<li>Leave the retirement funds in the employer plan (provided certain rules are met), or<\/li>\n<li>Roll the plan over into their own IRA or another former employer plan that is still funded<\/li>\n<\/ol>\n<p>So the big question is:\u00a0 when does it make sense to roll over a retirement plan?\u00a0 There are a few reasons to consider rolling it over into your own IRA, and there are a few considerations if you want to keep it in the employer\u2019s plan.\u00a0 Let\u2019s discuss the options, and see which factors come into play when deciding what is best for your situation.<\/p>\n<p><strong>Let\u2019s tackle one of the big factors:\u00a0 fees charged<\/strong>.<\/p>\n<ul>\n<li>Does your former <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/blog.paladinregistry.com\/retirement\/rube-goldberg-theory-401k-plan-fee-disclosure\/\" target=\"_blank\">employer\u2019s plan have a lot of fees (administrative, expensive fund charges<\/a><\/span><\/strong>, etc.)?<\/li>\n<\/ul>\n<p>If the plan is too expensive that may be a bad sign.\u00a0 Remember:\u00a0 More expenses = less growth of your money over time.\u00a0 Do some homework on the plan\u2019s charges, and the expense ratios of the investment choices offered. You may have a great plan in this area, or it may be a fee disaster that you need to get out of ASAP!<\/p>\n<p><strong>Another factor:\u00a0 number and quality of investment choices.<\/strong><\/p>\n<ul>\n<li>Does your former employer\u2019s plan have a sufficient number of investment options to choose from?<\/li>\n<\/ul>\n<p>If you don\u2019t have between 20-30 choices to pick from, chances are the plan may not be as diverse as you may need it to be for you to reach your retirement goals with the proper allocation (everyone\u2019s different).<\/p>\n<ul>\n<li>How is the quality of those investment options?<\/li>\n<li>Are they well-known funds that have performed well over long periods of time, or are they just average at best?<\/li>\n<li>Are they expensive?<\/li>\n<li>Does the expense ratio of each fund outweigh the potential gains over time?<\/li>\n<\/ul>\n<p>These are all important questions that need answers as well.<\/p>\n<p>If you decide to <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.huffingtonpost.com\/paladinregistrycom\/advantages-of-a-tradition_b_9693642.html\" target=\"_blank\" rel=\"nofollow\">roll the money over into your own IRA<\/a><\/span><\/strong>, you can typically gain a greater measure of control over your investment options (why limit yourself just to funds, esp. if your former employer\u2019s plan is lacking in that area and\/or has expensive\/poor-performing options?).\u00a0 In an IRA at a brokerage firm, you can invest in bonds, stocks, ETFs, mutual funds, CDs, etc.\u00a0 You truly have a lot more options in your own IRA.\u00a0 You also may be able to lower your expenses (depending on the commissions charged, expenses, advisory fees, etc.), which can be important over time.\u00a0 Why pay more than you need to pay?\u00a0 No one should!<\/p>\n<p>You may have access to an advisor at your former employer\u2019s plan, or maybe you don\u2019t \u2013 and if that\u2019s an important factor to you, you may want to hire your own financial advisor to help you with retirement matters (a fiduciary would be best).\u00a0 It\u2019s not an easy decision, but having the right financial professional can help you to decide whether it makes sense to keep that former plan where it is, or to roll it over into an account that has more benefits for your particular situation.\u00a0 If you\u2019re not a do-it-yourselfer, make sure you hire a fiduciary to advise you on whether you should roll over that plan or stay put.\u00a0 You\u2019ll be glad that you did, and you\u2019re welcome!<\/p>\n<p>Find an experienced financial advisor who frequently deals with potential <strong>rollovers<\/strong>, works for an RIA firm, earns his\/her money from fees (NOT commissions), believes in having an abundance of investment choices for clients, and has the heart &amp; demeanor of a teacher, NOT a salesman, and chances are you\u2019ve found the right financial advisor to help you prepare and plan for retirement.<\/p>\n<p><strong>To learn more about Martin Federici, view his <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.paladinregistry.com\/financial-advisor\/dallas-pennsylvania\/Martin.Federici.Jr\" target=\"_blank\">Paladin Registry research report<\/a><\/span>. \u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When someone leaves a job and they have a retirement plan that was offered from that employer (ex: a 401(k) or 403(b) plan), the person has 2 options: Leave the retirement funds in the employer plan (provided certain rules are met), or Roll the plan over into their own IRA or another former employer plan that is still funded So the big question is:\u00a0 when does it make sense to<\/p>\n","protected":false},"author":12,"featured_media":7471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117],"tags":[],"class_list":["post-7468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>To Roll Over or Not to Roll Over Your Retirement Plan?<\/title>\n<meta name=\"description\" content=\"If you have a retirement plan (ex: a 401(k) or 403(b) plan) that is offered by your employer and you leave that employer, you have two options.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paladinregistry.com\/blog\/retirement\/roll-not-roll-retirement-plan\/\" \/>\n<meta property=\"og:locale\" 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