OLD 401(k)?

No Longer Receiving Contributions?

If you have a 401(k), 403(b), or other retirement account from a previous employer, you may have more options than simply leaving it where it is.

Before making a decision, it may be worth asking:

Is this account still doing the job I need it to do?

[ EXPLORE MY OPTIONS ]

Complimentary review. No obligation.

WHAT CAN YOU DO WITH AN OLD RETIREMENT ACCOUNT?

Changing jobs doesn't necessarily mean you have to move your old retirement account.

Depending on your situation and plan rules, you may have several choices:

LEAVE IT WHERE IT IS

Keeping the account in your former employer's plan may make sense if you're satisfied with the investments, expenses and plan features available to you.

MOVE IT TO YOUR CURRENT EMPLOYER'S PLAN

If your current plan accepts incoming rollovers, consolidating accounts may simplify your retirement savings.

ROLL IT INTO AN IRA

An IRA may provide access to a broader range of investment and retirement-planning options.

REPOSITION SOME OR ALL OF IT FOR RETIREMENT INCOME

Depending on your goals, you may want to explore strategies designed around principal protection, accumulation or guaranteed lifetime income.

There isn't one answer that's right for everyone.

The important thing is understanding the differences before deciding.

[ COMPARE MY OPTIONS ]

YOUR OLD 401(k) MAY NOT BE "OLD MONEY"

It's easy to forget about an account when you're no longer making contributions to it.

But that money may eventually become an important part of your retirement paycheck.

Instead of only asking:

"How much is in my account?"

Consider asking:

How much income could it provide?

How much market risk am I comfortable taking as retirement approaches?

Do I want continued growth, greater protection or both?

Do I need income for myself or for both spouses?

What happens if I need additional income later in retirement?

Those questions can become increasingly important as retirement gets closer.

WHAT IS YOUR GOAL FOR THIS MONEY?

An old retirement account can serve different purposes.

INCOME

Turn a portion of your retirement savings into predictable income, including strategies designed to provide guaranteed lifetime income.

ACCUMULATION

Continue pursuing growth for retirement rather than beginning income immediately.

PROTECTION

Explore strategies that protect principal from direct stock-market losses.

LEGACY

Consider how the account fits with what you ultimately want to leave to your spouse, children or other beneficiaries.

You don't necessarily have to choose only one objective — and you don't necessarily have to move the entire account.

WHAT COULD YOUR RETIREMENT INCOME LOOK LIKE?

Eventually, retirement planning shifts from accumulating money to answering a different question:

"How much income can my savings provide?"

The answer can vary significantly depending on the strategy you choose, your age, when income begins, whether income covers one or two lives, and the features you want included.

That's why I believe it's worth comparing multiple approaches before making a rollover decision.

A review can include:

Immediate vs. deferred income

Single-life vs. joint-life income

Lifetime income options

Accumulation alternatives

Market protection strategies

Potential healthcare-related income features

The goal isn't to find the product with the biggest number.

It's to determine which strategy best fits what you want this money to accomplish.

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YOU DON'T HAVE TO MOVE YOUR ACCOUNT TO HAVE A CONVERSATION

A review doesn't commit you to making a change.

Start by providing a few basic details:

Your age

Approximate account balance

When you expect to retire

Whether the account is a 401(k), 403(b), IRA or other retirement plan

From there, we can compare potential options and determine whether leaving the account where it is or repositioning it better fits your goals.

15-MINUTE RETIREMENT ACCOUNT REVIEW

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No cost. No obligation.

MEET AARON PAYNE

Retirement Income Specialist

I help individuals approaching retirement understand the options available for retirement accounts they've accumulated throughout their careers.

As an independent advisor, I can compare retirement income and protection strategies from multiple insurance companies rather than being limited to one carrier.

My approach is straightforward:

Understand what you have.

Identify what you want it to accomplish.

Compare the available options.

Then decide whether making a change makes sense.

[ SCHEDULE A 15-MINUTE CONVERSATION ]

IMPORTANT INFORMATION

Rolling assets from an employer-sponsored retirement plan is an important financial decision. Available options, fees, investment choices, services, withdrawal provisions, creditor protections and other features can differ between employer plans and IRAs. A rollover may not be appropriate in every situation.

Annuities are insurance products intended for long-term retirement purposes. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Withdrawals may be subject to surrender charges, market value adjustments, taxes and applicable IRS penalties. Product availability and features vary by carrier and state.

This material is intended for educational purposes and should not be considered individualized investment, tax or legal advice.