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Don't Leave Your Retirement Plan Dollars Up in the Air

summit financial advisors blog

A Message from Summit Financial Advisors

Changing jobs? Retiring? Don’t leave your retirement plan dollars up in the air.

If you’re changing jobs or retiring, you’re in the midst of an enormous change. You should seriously be considering what to do with your money in your employer’s pension plan, 401(k), 403(b)/TSA or 457 plan. After all, it’s probably one of your biggest assets. The wrong move could cost you thousands and greatly affect the quality of your retirement years.

Generally, there are four options for your retirement plan:

  1. Leave it in your former employer plan
  2. Transfer it to your new employer plan
  3. Roll it over to a traditional IRA
  4. Cash out and pay taxes and possibly penalties.

Each decision has its pros and cons. Need help deciding what option is best for you? Contact Summit Financial Advisors at 800-236-5560, Ext. 4012 or www.SummitCreditUnion.com for a no-cost, no-obligation Retirement Assets Consultation. The quality of your retirement years depends on it. 

Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members.

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