Page 17 - Means Wealth 2020/2021 Perspectives

“

A person with a flexible schedule and average resources will
be happier than a rich person who has everything except a
flexible schedule.
– Scott Adams “

underperforming or ill-suited to meet your individual needs. Rolling
assets into an IRA can provide you with a greater choice of investment
options that may offer further diversification and could more accurately
tailor your investment portfolio to your risks, objectives and goals. These
options may include individual stocks, bonds, low-cost ETFs and mutual
funds. Additionally, whereas an employer plan places the burden on the
employees to choose and monitor their investments, rolling into an IRA
provides an option to have those assets overseen and managed by an
investment professional. If you find yourself uncomfortable choosing and
monitoring your investments within your plan, an in-service rollover may be
a consideration for you.
You can request a copy of your employer’s Summary Plan Description (SPD)
and determine what your plan allows with respect to an in-service 401(k) or
403(b) rollover and, if not offered, speak with the plan administrator to see
about implementing this option. n

17