Understanding Your 401(k) Options
Your 401(k) can be one of the most valuable retirement assets you own, especially if your employer made matching contributions. Years of committed service can yield an important source of retirement income.
However, as many people experience transitions due to the ongoing coronavirus crisis, a volatile market condition, or normal job changes, the question of what to do with a 401(k) has become more important.
If you face a transition, you may be wondering what your options are for your 401(k). The truth is that, while 401(k)s and similar retirement programs can be great at building a retirement resource, they do have drawbacks. For one, many are directly exposed to the forces of the stock market, meaning a significant hit can erode years of accumulated wealth. Early earners may not be so much worried about this – but those at retirement’s doorstep do not have enough time to recover. Even if you aren’t facing a transition, these factors may be cause for concern. For both groups of people, we may have options for you to get the retirement you’ve worked toward.
We can help you understand the underlying strategy of your 401(k) and walk you through all of your options
We have a variety of solutions that can help turn your 401(k) in a source of income that is both protected from market forces with guaranteed returns and can offer lifetime income streams.
Don’t do anything with your 401(k) until you’ve met with us! We can help you understand the underlying strategy of your 401(k) and walk you through all of your options.
We are also offering a free guide, Understanding Your 401(k) Options.
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Your Four Main 401(k) Options
What You Can Do If You Are In A Transition
What You Can Do If You Are Not In A Transition
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As always, if you need help evaluating your financial, retirement, or healthcare choices, Beckett Financial Group is here for you. We provide a wide range of services for those experiencing life’s transitions, including:
- Medicare Advantage & Medicare Supplement
- Individual & Group Health Coverage
- 401(k)/IRA Rollovers
- Individual and Group Life Insurance
- Individual & Group Disability Coverage
- Retirement Income Planning
- Financial Planning
- Long-Term Care Insurance
- College Savings Plans
- and more