$1 Million used to be the ultimate retirement portfolio benchmark for successful Americans. Being a millionaire brought status as well as the peace of mind of knowing that you could look forward to a comfortable retirement lifestyle with all the trimmings. Is that still true?
You’ve left your job but still have a 401(k) plan with your former employer… now what? You have four options on how to move forward. These options include: do nothing, roll into your new employer’s 401(k) plan, roll into an individual retirement account (IRA) or cash out immediately. As a fiduciary financial planner in Austin, I will highlight the pros and cons of each choice below to help you make an informed decision.
How do you start? This is one of the most important questions in saving for retirement. Whether planning for retirement in Austin, TX or elsewhere, you should start by building a retirement plan customized to your unique financial situation.