After gaining a clear picture of your financial landscape, we use this information to help create a customized plan for you through LifeSync℠. With LifeSync, we work with you to make more informed decisions — big or small, simple or complex — through all stages of your financial journey. It’s advice for life. LifeSync enables us to collaborate with you to plan for known and unknown events, offer suggestions to help make the most of your money, and check in with you when your life circumstances change and your needs shift.
The Process
Together, we will follow a cyclical and ongoing process in your wealth management journey defined by these five steps:
Wells Fargo Advisors does not provide tax or legal advice. Please consult with your tax and legal advisors to determine how this information may impact your own situation.
When considering rolling over assets from an employer plan to an IRA, factors that should be considered and compared between the employer plan and the IRA include fees and expenses, services offered, investment options, when penalty free distributions are available, treatment of employer stock, when required minimum distributions begin, protection of assets from creditors, and bankruptcy. Investing and maintaining assets in an IRA will generally involve higher costs than those associated with employer-sponsored retirement plans. You should consult with the plan administrator and a professional tax advisor before making any decisions regarding your retirement assets. Withdrawals are subject to ordinary income tax and may be subject to a federal 10% penalty if taken prior to age 59 1/2.