Let’s get rolling

Dave Kutcher

by Dave Kutcher

It is quite often that when we meet people for the first time they have already retired and are seeking alternatives for their employer sponsored retirement plan assets. Some of you reading this may be in that precious window of pre-retirement, however, and you may not be aware that in many cases, even if you are still working you may have access to an in-service rollover to your own IRA.

Rolling over retirement plan assets during the window of time 5-10 years before you actually plan to stop working may not be in everyone’s best interest, but a diligent look today at your goals and objectives for the future, a comparison of what is available to you within vs. outside of your plan at work and what your expectations are for retirement distribution levels may lead to an opportunity to take action today that will better serve you in the long run by rolling over your existing employer sponsored retirement plan assets as an “in-service” rollover.

You may find that you have access to more suitable product alternatives, a broader selection of investment options and lower costs. Additionally, you will have the chance to choose your financial advisor with your own plan outside of the employer sponsored plan.

The list of reasons and the plethora of additional options for you is too long a list for this article today but suffice it to say there are several reasons one might choose to move funds from an employer plan to an Individual Retirement Plan while you are still working. Individual Retirement Plans can provide penalty-free withdrawals for certain events that your employer plan cannot accommodate, you might be under a Qualified Domestic Relations Order stemming from a divorce and not want to have your retirement plan remain at your ex-spouse’s employer plan or you might want to preserve your investment principal today without forgoing future growth opportunities on your money … to name just a quick few reasons why such a plan for in-service rollovers might make some sense for you.

We love having the opportunity to work with folks in that pre-retirement window because it gives us more time to work with you and coincidentally provides more options for you in terms of getting yourself established so things are in the perfect place on the day you do stop working.

It is common sense to plan ahead. The earlier, the better. There is no time like the present to sit down and start looking at your options. We stand ready to help you and we look forward to having the opportunity to help you better shape your plans for the years ahead and consider if it makes sense for you to “get rolling” now instead of later.

I am Dave Kutcher, a retired Marine Corp Captain and founder and owner of Kutcher Financial Services in Eagle River. We are on the radio every Saturday morning, “Retirement in the Last Frontier”, 8:30-9:30 on AM 650, Keni Radio. Kutcher Financial Services, 10928 Eagle River Road; Eagle River, AK 99577, (907) 795-7452.