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Changing Jobs

Invest in a Relationship

investment-9-Landing-Page-Image.jpgIf you’ve recently changed jobs, you’re likely facing some decisions regarding the money you’ve saved in your former employer’s retirement plan. While you have several choices available when it comes to those assets, choosing a Rollover IRA may be your best option.

The Benefits of the Rollover IRA

A Rollover IRA is a type of individual retirement account (IRA) designed specifically for people who have savings in a former employer-sponsored retirement plan, such as a 401(k) or 403(b). There are a number of advantages that come with moving—or rolling over—your retirement assets directly into an IRA:

  • You pay no taxes or penalties when you roll over
  • You often have a wider range of investment options & greater control over your savings
  • Your investment remains tax-deferred
  • A Rollover IRA generally offers increased flexibility of your assets including penalty-free withdrawals for qualified higher education costs & qualified first-time home purchases
  • You gain the opportunity to consolidate your retirement assets into one place, simplifying your investment management & reducing paperwork

Before you decide how to invest your savings, consider when you’re going to need the money. This is also known as your time horizon. Once you’ve determined the number of years you will be investing and how much fluctuation you can tolerate in the value of your savings, you can begin to choose an asset allocation strategy. This strategy will serve as a blueprint for the way you invest, guiding your decisions about how much of your savings to invest in stocks, bonds, and short-term investments.

Choosing a Beneficiary

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order to select the right beneficiaries. Although taxes shouldn't be the sole determining factor in naming your beneficiaries, ignoring the impact of taxes could lead you to make an incorrect choice.

If you are looking for a partner who will focus on your goals and help you maximize the earning potential of your retirement savings, consider the GTE Investment Group. Call the GTE Investment Group at 813.871.2690 or toll-free at 888.871.2690, option 9.

Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Investments are: *Not FDIC/NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency. Advisory services may only be offered by Investment Adviser Representatives. Click here to view Cetera Investment Services Privacy Policy, other Important Information and Business Continuity Plan.

This site is published for residents of the United States only. Registered Representatives of Cetera Investment Services LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Investment Services LLC site at www.ceterainvestmentservices.com

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