IT'S EASY TO DIVERSIFY YOUR RETIREMENT ACCOUNTS NOW!

Switching Employers, Safeguard your retirement ...

The average American works 2.3 years at a job before changing it. Often, when you do change jobs and companies, you have to decide what to do with that 401k, 403b or other retirement plan you’ve built while there. Your challenge is to ensure you are not losing savings momentum when you make the shift.

Some will serve you well; some could prove utterly disastrous.  Buyer beware....

Why Cash is not really King!

It is tempting, that’s for sure. But if you did take a lump-sum distribution and are under age 59 1/2, there are a few things that will happen. The IRS could withhold 20% of your funds in anticipation of the income tax you'll have to pay. Also, there "will" be a 10% early withdrawl fee. So, you could expect up to 30% of your retirement proceeds to simply vanish, and possibly more if you have a high tax rate. Needless to say, this ranks among the worst of choices.

Your New Employer ’s Retirement Plan Options May Not Offer Solid Options

Each company has different rules and regulations regarding retirement plans. Some firms will match employee contributions, some can not or may not.

You may find that your new company’s 401(k) restricts investment options far more than your past plan did and may leave few investment choices (if they have a 401k). The best plans would permit a broad range of investment flexibility with no cost for switching among them. Unfortunately, these plans are the exception.

As if a lack of diversified investment choices with your new company isn’t bad enough, it’s hard to overlook the increasing number of pitfalls afflicting corporate plans currently.

First, with the great number of mergers and buy-outs occurring today, only one plan will be a successor. That means you could well be stuck on the losing side. One consequence? Old loans against your existing 401(k) could be considered a taxable dispersal and you are left with the penalties and tax ramifications. Or you may suddenly face blackout periods where you can’t make any decisions regarding your money until the “battle of the plans” is resolved.

Another downside to consider is employer fraud. It has recently surpassed employee fraud in the dollar amount of damages caused. Retirement funds are a major source of the abuse.

Self-Directed IRA’s: Your “Get in the Driver's Seat ” Option...

Consider diversifying your retirement assets into a self-directed IRA...

With a self-directed IRA, you can rollover your old 401k or 403b, and maintain the tax-deferred benefits while avoiding taxes and penalties very easily. But there’s another important reason why this might be your best plan-successor choice: you’ll have the greatest range of options in funding your plan and take out the risks mentioned above.

You can direct the investing yourself rather than be limited to the options some new plan administrator decides on.

For a portion of your retirement assets, the Golden IRA may offer a great way to diversify your asset.

Let the Superior Gold Group "Sesame Street" you through your transition from a U.S. dollar backed IRA into an IRA backed by Gold. It's as easy as A.B.C....

A. Call the Superior Gold Group to request your free precious metals kit. 866.648.5804

B. Your kit arrives in the mail, usually within 48 hours for you to review. We detail the specific types of precious metals that the government allows in your IRA and you can call us to ask any questions you may have.

C. After your metals are directed into your account, the Superior Gold Group will assign you an account executive to assist you with the process and any calls or emails you have in the future.

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