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Changing jobs can be an exciting time

There’s plenty to consider when it comes to your retirement savings. These are your four options:

Stay in your current plan if allowed to.
Roll your savings into an individual retirement account (IRA) to keep your savings tax deferred.
Roll your funds to your new employer’s plan after evaluating it against your current plan.
Withdraw funds — but be aware of taxes and potential IRS penalties.
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Move forward with confidence

Let a licensed Empower representative help you:

  • Compare options, such as remaining in your current plan, rolling your funds to an IRA or moving to your new employer’s plan.
  • Review your retirement planning strategy and assess if you’re saving enough.
  • Review your goals and see if you are on track.
  • Determine ways to keep your savings tax deferred while still saving.
  • See how taking a distribution can have tax implications and affect your retirement savings.

86%

of customers surveyed felt more confident about their retirement after talking to us1

If you’re changing jobs, here are some questions to discuss with your consultant:

What investment strategies are available to keep your savings tax deferred?

How does this job change impact your retirement strategy?

Has your income changed, and are you able to save more toward retirement?

How do you assess your new employer’s plan against your current plan?

Do you have a complete picture of your finances to help you make sound decisions?

Consider all your options and their features and fees before moving money between accounts.

Give us a call or schedule a free consultation and let us help you take the next steps

If you're ready to open an IRA, easily do it in less than 10 minutes!

Rollover to an IRA
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1 Empower satisfaction survey and IVR data as of March 2023.

Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser Empower Advisory Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.

Point-in-time advice is provided by an Empower representative registered with Empower Financial Services, Inc. at no additional cost to account owners. There is no guarantee provided by any party that use of the advice will result in a profit.

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