When individuals retire from their employer, most receive some type of retirement plan. Depending on the employer, it could be a 401(k), 457, 403b, or SEP IRA. These accounts have been funded over your working years and have been able to grow. Now that your retirement years are upon you, the time has come to use these assets to help supplement your retirement. What you do with these accounts will have a great impact on your lifestyle.

Because most company retirement plans have limited investment choices, it is often a good idea to transfer these account so they’re no longer tied to your employer’s plan. By rolling over your account to an Individual Retirement Account (IRA), you give yourself more control over how and where you invest your money. Having control and flexibility allows you to effectively manage your assets to be sure they’re not exhausted.

The main questions we’re asked by retirees about their retirement accounts are:

  • What should I do with this money?
  • What should I invest in?
  • How much risk should I be taking?
  • How much can I withdraw without running out of money?
  • When am I required to withdraw?
  • How much will I be taxed on withdrawals?

Our Total Retirement Income® Solution provides the answers to these questions. We don’t look at them independently, but in combination with the other four steps of this process, taking your full retirement picture into account.