Often times when someone changes jobs they inadvertently leave behind a chunk of their retirement savings in the form of a 401k. Even in small amounts over a few years time, this can add up when invested properly over future years as part of a comprehensive retirement plan.
North Shore Bank's experienced Trust Executives can meet with you to look at all of the investment vehicles you already have in place as well as additional opportunities we can recommend.
If you participate in an employer sponsored plan, such as a 401(k) or 403(b), you can initiate a rollover - typically when you change jobs or retire. Rolling them over means moving your retirement plan assets from a group plan into an IRA, giving you greater investment flexibility. Additionally, if you have an IRA at another financial institution, you can initiate an asset transfer tax-free. You can also transfer securities held in a brokerage IRA at another financial institution into a North Shore IRA.
We've learned over the years that those without a plan tend to retire without the assets they assumed they would have, and few realize just how expensive it would be in retirement.
Call to schedule a consultation with one of our Trust Executives today, and learn how we can help get you on the road to saving for a great retirement!