Protect Your Retirement!
Whether you are exploring greener pastures, coping with an unexpected job loss, or getting ready to retire, leaving your job requires some major decision-making. One of those decisions may be what to do with the money you have accumulated in your existing employer-sponsored retirement plan.
If you have contributed to a 401(k), 403(b) or similar retirement account through your current employer, you have several options available. However, the decision you make could have a significant impact on your future financial security, so you want to make the decision that is best for you.
Show Me The Money
Begin by talking with your current employer or an Investment Planning Financial Consultant at your local Provident Credit Union Branch about your existing retirement plan. Your options may vary, depending on the type of plan and how long you have worked for the company. But you'll probably find that you have four choices: take the cash, leave the money where it is, reinvest the money in a different plan, or roll the money to an IRA. There are advantages and disadvantages to all four choices. Educating yourself on the consequences of each choice will help you make a better decision.
Before making a final decision, schedule a free consultation with a Provident Financial Consultant* at your local branch by calling (650) 508-7222 or (800) 656-4096 or by e-mailing a Provident Financial Consultant*, to fully explore your options. Working with this investment professional, you can identify your short-term and long-term needs and make the choice that best protects your financial future.