FINRA has investor education materials such as BrokerCheck, which provides insight into firms and financial advisors.
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Like many people these days you may have recently changed jobs. Or, perhaps you’ve been the victim of layoffs or maybe you have simply retired. Deciding what to do with your employer sponsored retirement plan (401k or 403b plan) probably wasn’t the first thing on your mind. Once you’ve left your employer though, it makes sense to look at your options and make the best choice for your situation.
Cashing out of the plan can be very expensive due to taxes and possible penalties.
Leaving your money in the plan or rolling it into a new employer plan is also an possibility although your investment options may be restricted to the plan design and you have little control over fees/expenses.
Moving your retirement money into a rollover IRA can make sense for many people. This process allows for a tax-free transfer of assets, usually provides a wider variety of investment options, possibly lower fees & expenses and allows you to obtain direct advice from a financial professional on how your funds are invested..... Several types of retirement plans can be combined into a single IRA for simplicity and ease of management. There can sometimes be tax consequences to certain choices and you should consult with your financial or tax advisor.