Retirement Preferences Self-Assessment

. There may be negative tax consequences for withdrawing shares of employer’s stock. If transferred into an IRA, you don't pay any tax immediately but you're liable to pay income tax on the stock's full NUA when you sell it. You may be able to save money by withdrawing it from your 401(k) and putting it in a taxable brokerage account for a more favorable tax treatment. Please consult with a financial professional about your options before making any decisions.

. If your previous employer undergoes any business changes such as being acquired, reorganizing, merging or going out of business, it could make it harder to track down or get service in the future. You man also experience unexpected changes to your plan such as: the investments, provider, freezing periods or possible liquidation. Please consult with a financial professional about your options before making any decisions.

. Your old employer plan may offer greater creditor protection because 401(k)’s are protected by the federal government under ERISA. This may be a reason to consider leaving it in the plan. Please consult with a financial professional about your options before making any decisions.

. Withdrawals from a Qualified Retirement Plan prior to age 59 ½ will result in taxes and possibly a 10% early withdrawal penalty. Please consult with a tax advisor and financial professional about your options before making any decisions.

. You may qualify for the rule of 55 which allows for early withdrawals from your plan without penalty. Consider leaving some money inside the plan in the event you need early access. Some 401k’s have partial withdrawal options with could allow you to keep some access in the plan and roll a portion out. Please consult with a tax advisor and financial professional about your options before making any decisions.

. If you have an outstanding loan on your old 401(k) you may be forced to take it as a distribution or continue the repayment schedule. Please consult with a financial professional about your options before making any decisions.

. There are some IRA options that can allow you to defer you RMD’s up to age 85. Please consult with a financial professional about your options before making any decisions.

. If you fail to update your beneficiary designation, your assets could get tied up in probate or be passed to someone you no longer wish to receive them, such as an ex-spouse. Please consult with a financial professional about your options before making any decisions.

. By converting to a Roth IRA, you incur income tax now, but you'll have assets that won't be taxed when withdrawn, potentially allowing you to better manage your tax brackets and enable yourself a more personalized tax planning during retirement. Please consult with a tax advisor and financial professional about your options before making any decisions.

. Consolidating retirement accounts may make it easier to keep track or manage your retirement. It can help you spot overlapping assets and diversify better, view your account more holistically, and can make implementing an asset allocation strategy much easier. Please consult with a financial professional about your options before making any decisions.

. There is an option that provides a wider range of investment and product choices and are not limited to what investments offered from your employer. Please consult with a financial professional about your options before making any decisions.

. There is an option that provides a wider range of investment and product choices and are not limited to what investments offered from your employer. Please consult with a financial professional about your options before making any decisions.

. There is an option that provides a wider range of investment and product choices and are not limited to what investments offered from your employer. Please consult with a financial professional about your options before making any decisions.

. If you’ve determined a rollover to an IRA is the right choice for you, make sure you do your research on promotions and look carefully at any possible limitations such as: additional costs/fees, holding periods or other important considerations to make sure you make a sound investment/product choice. Please consult with a financial professional about your options before making any decisions.