Why Consolidating Your Old 401(k) Into an IRA Makes Sense

If you have retirement savings sitting in a 401(k) from a previous employer, consolidating those assets into an IRA (Individual Retirement Account) can be a smart and simple way to streamline your financial planning. We specialize in helping clients clarify their retirement strategies, and rolling over old accounts is often an important part of that process.

Why Consider an IRA Rollover?

1. Simplified Management Managing multiple accounts can make tracking your retirement progress a challenge. By consolidating into a single IRA, you simplify your financial life and gain a clearer, more cohesive view of your portfolio.

2. Broader Investment Options IRAs offer a wider array of investment choices—mutual funds, ETFs, individual stocks, and bonds—giving you greater flexibility to tailor your investments to your unique goals and risk tolerance.

3. More Control and Flexibility With an IRA, you have more freedom when it comes to investment decisions, withdrawal strategies in retirement, and beneficiary planning, empowering you to align your retirement plan with your personal vision.

4. Better Estate and Tax Planning Consolidating accounts makes it easier to coordinate your estate planning and tax-efficient withdrawal strategies, bringing more clarity to your financial future.

Is It the Right Move for You?

There are a few situations where keeping your 401(k) might make sense. That’s why it’s important to evaluate your options carefully.

At Van Hulzen Financial Advisors, we’re here to help you make informed decisions that align with your vision for the future so that you can focus on what matters most. Schedule a complimentary consultation with a Van Hulzen advisor today to discuss whether an IRA rollover is right for you.

*Source: U.S. Bureau of Labor Statistics, “Number of Jobs, Labor Market Experience, and Earnings Growth: Results from a National Longitudinal Survey,” August 2021.

*The foregoing content reflects the opinions of Van Hulzen Asset Management DBA "Van Hulzen Financial Advisors" and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.