Ignoring your past employer’s 401(k) can be easy but rolling it over to an IRA could be just as easy and more beneficial in the long run.
List out your monthly expenses and income in order to determine your monthly cash flow.
Talk to your new HR rep to enroll in the new plan
Aim to have 3-6 months of salary in savings
Determine the best course of action with your old plan and implement. Then find out if your new employer offers a plan and begin contributing.
For more information about your 401k options speak to one of our advisor
Alex started at Blue Bell PWM as an intern in August 2017 before starting full time in July 2018. Alex is currently working as an associate with a focus on building and maintaining client relationships.
Justin is a native of the greater Philadelphia area. Raised in nearby Bucks County, PA, he attended LaSalle College High School and would continue his education at Gettysburg College.
Jim is an Investment Advisor Representative and an active member of the Investment Strategy Committee where he assists with financial models, investment strategy and asset allocation.
Blue Bell Private Wealth Management is a fee-only investment management firm located in suburban Philadelphia.
The team at Blue Bell Private Wealth Management is small enough to offer our clients personalized investment services, while being large enough to access investments typically reserved for Institutional / High Net-worth Individuals.
Neither Blue Bell Private Wealth Management nor any of its employees provide legal, tax or accounting advice. You should consult your legal or tax advisors before making any financial decisions. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money. Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.