Don’t Lose Track of Your Retirement – What to Do When You Leave an Employer

If you’ve ever changed jobs—or are now entering retirement—you may have left behind a retirement plan with a former employer. For many people, these accounts are easily forgotten or become difficult to track down over time. We’re now seeing more and more retirees struggling to locate old 401(k) or pension accounts from jobs they held 20, 30, even 40 years ago.

That’s why it’s often a smart move to roll over your retirement plan into an IRA soon after leaving your employer.

Here are a few reasons why this matters:

• Keep everything in one place. It’s easier to manage your investments when they’re consolidated, and you’re less likely to lose track of your money.
• Maintain control. With an IRA, you decide how your money is invested—no longer limited by your former employer’s plan options.
• Simplify your retirement picture. Having fewer accounts to manage means less paperwork, fewer logins, and a clearer view of your overall financial plan.
• Potentially lower fees and better investment options. Many IRAs offer a broader range of investments with more competitive costs than old employer plans.

Feel free to reach out if you’d like help reviewing your old plans or exploring your rollover options. We’re here to help you stay in control of your financial future.