Rollovers/Consolidating Accounts

Manage your retirement savings by consolidating your accounts to one place.

There can be many potential benefits to consolidating your money under one roof—for example, more effective management of your asset allocation, diversification, potentially lower fees, more services, and better planning.

A plan participant leaving an employer typically has four options (and may engage in a combination of these options), each choice offering advantages and disadvantages.

• Leave the money in his/her former employer’s plan, if permitted

• Roll over the assets to his/her new employer’s plan, if one is available and rollovers are permitted

• Roll over to an IRA or Cash out the account value.

In or nearing retirement, everyone should begin to look closely at their funds. If you have IRAs, 401(k)s and pension plans at multiple firms, you may want to consider consolidating your accounts.** At 1st Advantage one of our CFS Financial Advisors available through CUSO Financial Services, L.P. * can help answer your rollover questions and find ways to potentially:

Save money on annual fees
Create opportunities to allocate, diversify, and rebalance in one portfolio
Simplify required minimum distributions
Provide access to one easy consolidated statement

Consolidate Retirement Accounts

To learn more about consolidating retirement accounts, contact us today to schedule a complimentary, no-obligation appointment.

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Take Charge of Your 401(k)

Keep up with your financial needs while avoiding common (and expensive) rollover mistakes. We put together this guide help you avoid these critical mistakes and potentially save you thousands in taxes and fees.