You’ve been successful – not just in your career, but in your life as well.  Now that you are moving on, it’s time to rid the old patterns that aren’t working, clarify your vision of your life, adjust your career, refresh your motivation, and take action.  A well-designed plan can help you do just that.  I can help you create a plan that aligns your money to what you want in life so you can move forward and create your future. Read about the LifeSync planning process.

As your advisor, I can act as a sounding board and may help you avoid mistakes.  Sometimes emotions – and even overconfidence – can cloud your judgment and cost you. Many women find it difficult to stay objective when it comes to more personal aspects of life.1. That’s where I come in. I can bring a candid, unbiased perspective, and provide financial education support to help you stay focused and plan for the future.

 

What should you do after a job loss or change?

If you have been displaced or are changing jobs or retiring, of the most important decisions you may face is how to handle the savings you’ve accumulated in your qualified employer-sponsored retirement plan, such as a 401(k), 403(b), or governmental 457(b).

Having a plan for this money can help minimize taxes and make the most of your savings. You generally have four options:

- Roll over your assets into an Individual Retirement Account (IRA)

- Leave your assets in your former employer’s QRP, if the plan allows

- Move your assets directly to your current or new employer’s QRP, if the plan allows

- Take your money out and pay the associated taxes

Each of these options has advantages and disadvantages, and the one that is best depends on your individual circumstances. I can help you consider features, such as investment choices, fees and expenses, and services offered.

Let’s have a conversation.  Email me.

Wells Fargo Advisors does not provide tax or legal advice.