Many people think that there is nothing positive that can come from being separated from an employer. We beg to differ. Especially if you have contributed to a 401(k), 403(b) or a Roth 401(k) during your employment. Today we’ll teach you the good, better, and best things that can come from parting ways with an employer. These three items can, and will, benefit you and your investments in a BIG way (this will also be true for anyone that has changed employers and left a 401(k), 403(b) or a Roth 401(k) at their previous employer’s plan administrator).
So, here they are:
- Good: You now have the ability to gain complete control of your funds via an IRA roll-over or transfer.
- Better: By rolling-over or transferring these funds into a self-directed IRA at a low-cost broker like Scottrade, you’ll be free to:
- leverage greater numbers of funds in order to minimize fund fees – thus increasing net investment returns
- globally diversify your portfolio on a massive scale to improve asset allocation and reduce risk
- manage your account with ease with better tools and resources
- Best: You’ll be in a position to recapture the wealth that your employer, plan administrator, and the financial services industry have been confiscating from you (via fees/expenses).
So there you have it. If you have split from your previous employer, you now have the freedom and flexibility to maximize the returns on those investments. Congratulations! But, the choice is yours what you do with them. So…
Do This – Rollover or transfer a 401(k), 403(b) or Roth 401(k) from a previous employer to a self-directed IRA…ASAP!
Not That – Leave a 401(k), 403(b) or Roth 401(k) with a previous employer’s plan administrator…unless you don’t mind forfeiting your wealth.
Today, there is only one barrier preventing anyone from becoming a successful DIY 2.0 Investor…CHOICE. Whose wealth will your investment dollars build?