Employer Plan Rollovers 

A Rollover may be possible if you have left your employer for retirement or other reasons. We can help with the rollover process from your employer by offering:

1) Creation of the appropriate IRA depending on the nature of the employer account:

*) Regular tax-deductible 401(K), 403(B), 457(B), and ESOP plans can be rolled over into a single IRA account.

*) Roth 401(K) or Non-Deductible 401(K)s can also be rolled over into a Roth IRA or Traditional Non-Deductible IRA.

2) Assistance with requested information to open up an IRA account or transfer one that you already have at another institution.

3) Facilitate the onboarding process with electronic transmission of information and possibly signatures.

If keeping your account at your former employer is permitted, the following questions should be answered:

a) What total costs do you pay for your account in your former employer's retirement plan?
These costs include investment (retail funds) costs, management costs, transaction costs, brokerage costs, custodial fees, and all other fees charged directly or indirectly to you.

b) Does the current asset allocation in your retirement plan reflect your unique financial situation?
Your financial situation may have changed since you initially selected the allocation for your employer plan contributions. A review of your situation should be matched with your current risk tolerance and expected returns.

Transfers

Whether due to changing employers or choosing different investment opportunities, it's not uncommon to have accumulated several investments by the time one retires. While having many types of investments may be a positive accomplishment, examining whether there's a more efficient way to consolidate your investments can be beneficial. This approach can help avoid a record-keeping nightmare and provide clarity on your overall asset allocations, costs, and risks. Some potential advantages to consolidating your retirement accounts with Carr Wealth Management, LLC, are:

  1. Uniform your investment strategy by clearly identifying how your objectives and goals match your investments and risk tolerance.

  2. Consolidate your accounts as much as possible to save time and costs.

  3. Take advantage of the lower costs provided by our competitive low-cost investment vehicles and fee-only cost structure.