What Do I Do With My Old 401(k)?

Is There a Zombie Lurking in Your Past?

You have 5 options when it comes to your “zombie” 401(k), 403(b), or 457 plan that’s sitting dormant at an old employer.

Your employer plan is typically your most valuable retirement asset, and how you handle it could have major financial implications now and in retirement.

(If you’re knocking on retirement’s door, it’s even more critical that you make the right decision.)

Weighing Your Options Means Knowing Your Options

I would like to encourage you to take at least a few minutes and read this FREE guide even if you aren’t prepared to make a move yet.

The pros and cons of each of your 5 options are quick to read and will help you get crystal clear on the next steps you should take.

After you read this free guide, you may decide that your best option is to keep your plan where it is and you can stop worrying about it.

Or maybe you’ll decide that option 4 or 5 is a better fit for you because they open up more investment options.

I’m confident that within minutes of reading this FREE guide, you’ll feel confident and clear about the next steps that make the most sense for you.

Most importantly, you’ll be armed with the information you need to avoid a surprise tax bill!

Questions Addressed in the FREE Guide

Reading this will give you answers to the critical questions that have been running through your head:

  • What should I do with the retirement plan at my old employer?
  • Will my old plan move automatically?
  • Do I have to move it?
  • Where should I put it?
  • Will I owe taxes on it if I move it?
  • How do I turn it into retirement income?

When you’re done reading, you may want to schedule a FREE Consultation Call with our Team, or you can always call our office directly with any questions at (559) 592-3200.

I’m happy to provide guidance or answer any questions you have.

Read Now: What Should I Do With My Old 401(k) or Employer Plan? A clear guide to your options for 401(k), 403(b), and 457 plans (including how to avoid a surprise tax bill or IRS penalties that could put you in the crosshairs) 

 

Garrett German offers products and services using the following business names: Harvest Wealth Group – insurance and financial services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – securities and investments | Ameritas Advisory Services (AAS) – investment advisory services. AIC and AAS are not affiliated with Harvest Wealth Group.

Representatives do not provide tax or legal advice. Please consult with your tax advisor or attorney regarding your situation. Trades cannot be communicated to your Representative by e-mail, fax, or regular mail as the transaction may not be executed on a timely basis. Please contact your Representative by telephone to request trades and do not use e-mail to send confidential information or time-sensitive instructions. Performance quoted does not guarantee future results. Please refer to your regular periodic statement for complete information.

Burglaries & Investing in Volatile Markets

Imagine This…

There’s a burglary in your neighborhood (not your house, fortunately), but you have a 2-week trip planned and no one will be home.

What do you do to protect your home while you’re away?

Do you take precautionary measures?

Talk to neighbors and ask them to keep an eye on your house?

Maybe activate an alarm system or install cameras?

If you’re like most people, you’d spend at least a few minutes proactively planning so your home doesn’t get broken into or burglarized, right?

Just for a moment, I want you to think about why you’d take these steps.

Control What You Can

Ultimately, whatever happens, while you’re gone is completely out of your control, right?

I’m guessing you’d argue back, “Yes, it is out of my control, but I CAN control a few things, and I’m willing to do everything I can to protect my home!

Your mindset is 100% logical.

For sacred possessions and relationships in our life, we do everything we can to control the uncontrollable.

So let me ask you this…

Are you taking the same approach that may help protect your investments from a volatile market?

Volatility is Here

Like the burglar lurking through the night in your neighborhood plotting his next break-in volatility here.

You don’t know when the burglar will strike, or which home he’ll hit.

Chances are he’s going to go after the most vulnerable house with minimal lighting and no alarm system.

Just like volatility or downturns could metaphorically “rob” certain investment portfolios of value because they are more vulnerable than others (that’s why it’s so important to proactively prepare by assessing your current situation).

Unlike a home whose valuables are insured and mostly replaceable (except those heirlooms and sentimental pieces), your investment portfolio isn’t insured against market loss.

That’s why it’s so important to take these crucial and proactive steps that may help protect your investments.

Get Our Volatile Market Flowchart

In the wake of recent market volatility predictions, I prepared this 4-minute read and flowchart that I think you’ll find incredibly valuable.

My team’s most recent publication, Investments Facing Volatile Markets: A Simple Flowchart to Determine What (if Anything) You Should Do, will guide you through an extremely simple 3-step process to discover:

  • How to assess your current investment situation whether you’re 10 years away, 5 years away, or already in retirement
  • The 3 or 4 critical questions you need to ask yourself that will determine what you should do next (if anything)
  • Your level of confidence with your current investment strategy and what you can do about it

You’ll leave with a crystal-clear picture of what you should do next (if anything) that may help preserve and protect your investment health — just like how you’d protect your house while you’re away.

My goal in sharing this free article with you is to help you feel confident that you’ve done everything you can to control the uncontrollable.

You have retirement income you’ll be depending on in the next 10 years, 5 years, or maybe even right now.

Please take the time to examine this flowchart — it will empower your work-free life!

Need Help or Perspective?

If you have any questions, we’re here to help.

Just contact my office directly at (559) 592-3200 or schedule a FREE consultation call on your own.

 

 

Garrett German offers products and services using the following business names: Harvest Wealth Group – insurance and financial services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – securities and investments | Ameritas Advisory Services (AAS) – investment advisory services. AIC and AAS are not affiliated with Harvest Wealth Group.

Representatives do not provide tax or legal advice. Please consult with your tax advisor or attorney regarding your situation. Trades cannot be communicated to your Representative by e-mail, fax, or regular mail as the transaction may not be executed on a timely basis. Please contact your Representative by telephone to request trades and do not use e-mail to send confidential information or time-sensitive instructions. Performance quoted does not guarantee future results. Please refer to your regular periodic statement for complete information.