Whether you leave your money in your plan or decide to move on depends on what’s important to you right now. If ease, future flexibility, and tax-deferred savings appeal, then you’ve got the green light to stay.
Green
Light
Red
Light
Do nothing. No paperwork or decisions
to make.
Ability to continue to shift money
between investments to manage risk and return.
Money can continue to grow tax deferred
until withdrawn.
Once you reitre and/or after age
59 1/2, you can always change your mind and take a
lump sum, roll to an IRA or annutity, or begin distributions.
Money help in your employer-sponsored
plan is protected from creditors (except from claims
of a spouse/child under QDROs).
You may not be able to take advantage of certain
features (such as loans) once you retire.
You may not have access to as many investment options
as, for instance, a rollover IRA.
Your plan may impose restrictions on withdrawals.
You may have to pay a fee for services.
Your plan may not permit you to leave funds in the
plan after you retire, or if you only have a small
amount invested.
Are You Nearing Retirement?
