401k, 403B, & 457B Rollovers Wappingers Falls, NY

When you engage in a rollover of your 401K, you are essentially converting it into an IRA that you can manage independently. This transition transfers the control from your employer to you, allowing you to take charge of your retirement planning, widen your retirement income options, and remove your employer's influence over your retirement path.

Some 401(k) plans offer a limited selection of investment funds and may strongly encourage heavy investments in the company's stock. Additionally, many 401(k) plans come with variable annuity contracts, which provide an insurance component but could potentially incur fees of up to 3.9% annually for participants.

It is highly recommended to seek guidance from a financial advisor before making any significant financial decisions that will impact your future. Financial advisors are well-versed in navigating the regulations related to 401(k) rollovers to IRAs and can provide valuable insights. By partnering with Sage Investment Advisers LLC, you gain access to expert advice that can help you understand the implications of your decisions. Given the potential tax implications and penalties associated with incorrect choices, their expertise is essential.