{"id":15894,"date":"2021-04-21T01:30:48","date_gmt":"2021-04-21T01:30:48","guid":{"rendered":"https:\/\/woodriverweekly.com\/?p=15894"},"modified":"2021-04-20T19:51:20","modified_gmt":"2021-04-20T19:51:20","slug":"dont-leave-your-retirement-nest-egg-unattended","status":"publish","type":"post","link":"https:\/\/woodriverweekly.com\/index.php\/2021\/04\/21\/dont-leave-your-retirement-nest-egg-unattended\/","title":{"rendered":"Don\u2019t Leave Your Retirement Nest Egg Unattended"},"content":{"rendered":"
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Jenni Riley is a Financial Paraplanner Qualified ProfessionalTM and Director of Operations at Hazlett Wealth Management, LLC. Learn more by visiting HazlettWealthManagement.com. HAZLETT WEALTH MANAGEMENT, LLC is independent of Raymond James and is not a registered broker\/dealer. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Securities offered through Raymond James Financial Services, Inc., member FINRA\/SIPC. 675 Sun Valley Road in Ketchum, Idaho, 208.726.0605<\/figcaption><\/figure>\n

By Jenni Riley, MBA,\u00a0FPQP\u2122<\/p>\n

It\u2019s a natural aspiration to climb the career ladder. Sometimes that ascension leads to changing employers for your next position. Whether your employment situation changes by choice or circumstance, you don\u2019t have to leave your old retirement account unattended.<\/p>\n

You have options to bring former accounts along with you and ensure your nest egg is invested in supporting your ultimate retirement goals.<\/p>\n

Leave your retirement account with your former employer. <\/b><\/p>\n

I get it; life is busy. Leaving your account where it is is the easiest path. Do know that nonemployee accounts within a former employer\u2019s plan can be subject to higher fees. Changes in the plan may not be made known to you in a timely manner when you\u2019re no longer employed with the firm. It\u2019s also easy to lose sight of those forgotten assets as you move forward on your new career path.<\/p>\n

Roll your retirement nest egg into your new employer\u2019s 401(k) <\/b><\/p>\n

Suppose you are taking a job with a company that offers a retirement plan. In that case, you may be able to consolidate your retirement portfolio by rolling your account with your former employer into your new employer\u2019s plan. Alternatively, you may anticipate an employment gap between positions. In that case, you will want to ensure you document the information you\u2019ll need to access later when you become eligible for participation in another employer\u2019s plan.<\/p>\n

Roll it into an IRA<\/b><\/p>\n

Especially if you have left more than one retirement account with former employers in your wake, you can simplify life by rolling those unattended accounts into an individual retirement account (IRA).<\/p>\n

From the 2019 Survey of Consumer Finances<\/i>, we know Americans averaged $282,554 in retirement savings. That\u2019s a sizable nest egg worthy of attention. We recommend you know your rights, opportunities, and options.<\/p>\n

\u201cWealth is not about having a lot of money; it\u2019s about having a lot of options.\u201d <\/i><\/p>\n

\u2013 Chris Rock<\/b><\/p>\n

Jenni Riley, FPQP\u2122, is a Financial Paraplanner Qualified Professional\u2122 and Director of Operations with HAZLETT WEALTH MANAGEMENT, LLC, independent of Raymond James and is not a registered broker\/dealer. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Securities are offered through Raymond James Financial Services, Inc., member FINRA\/SIPC. 675 Sun Valley Road, Suite J1 + J2 Ketchum, Idaho 83340 208.726.0605. HazlettWealthManagement.com<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

By Jenni Riley, MBA,\u00a0FPQP\u2122 It\u2019s a natural aspiration to climb the career ladder. Sometimes that ascension leads to changing employers for your next position. Whether your employment situation changes by choice or circumstance, you don\u2019t have to leave your old retirement account unattended. You have options to bring former accounts along with you and ensure […]<\/p>\n","protected":false},"author":1,"featured_media":15233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","_pvb_checkbox_block_on_post":false,"footnotes":""},"categories":[2,16],"tags":[],"class_list":{"0":"post-15894","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commentary","8":"category-finance"},"_links":{"self":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/15894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/comments?post=15894"}],"version-history":[{"count":1,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/15894\/revisions"}],"predecessor-version":[{"id":15895,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/15894\/revisions\/15895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media\/15233"}],"wp:attachment":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media?parent=15894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/categories?post=15894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/tags?post=15894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}