Employment Change? How does this affect my retirement plan and/or IRA Set-Up?

First, you should check with your current plan’s administrator with regards to your investment options and restrictions. Our top suggestion would be to set-up a Self-Directed IRA…and here’s why. With a self-directed IRA, not only do you have the option to rollover your existing 401k and/or 403b, additionally you’re able to maintain the tax-deferred benefits, thus avoiding taxes and penalties. Another advantage with self-directed IRA accounts is they allow for a much wider range of investment products for you to choose from. Reason? Because you’re directing the investment choices yourself…as opposed being limited by custodians and plan administrators.

For example, your current employer most likely has different rules and restrictions regarding your retirement plan from your previous one. Some employers have defined contribution plans, others may have defined benifit plans, some will match employee contributions and some will not. You may find that your new employer’s 401(k) is quite restrictive, perhaps even far more than your previous employer’s plan. This leaves you with few investment choices. Bottom line, the best plans allow for the widest range of investment choices. You want flexibility WITHOUT penalties, and no cost to roll them over. The reality is that these plans are tough to find. Depending on your new/old employer’s retirement plan, you most likely have the option to roll-over your old plan into the new one. All you need to do is ask yourself:

- Do they allow me to set-up a Self-Directed IRA Account, which gives me the freedom and control to place my assets where I choose?

I hope they do!

Precious Metals Brokerage Group makes setting up or adding gold to your existing IRA easy. Contact a PMBG Account Executive for more information at: 866.774.3131