Why move your old company retirement?

The first rule you should always use is protect what I have.  By that we mean if you leave your money out there exposed to the stock market, anything can happen and it usually does.  When you move your money to a fixed or indexed IRA, you protect it from loss.  It's kind of like playing quarters where heads you win and tails you flip again.  With a fixed or indexed product you do not own any stocks or mutual funds.  Instead the financial company pays you an interest rate of either a fixed rate or a rate determined by the upside of an index like the S&P 500.  If the market falls apart in one year, like it has, you still have guaranteed interest rates to fall back on.  So you never lose.  For these guarantees, the companies will impose what they call surrender charges if you liquidate your account early. The surrender charges will go away anywhere from 3-16 years, depending on how much the company is giving you up in guarantees.  So, for guaranteed returns on money you can't use without the IRS penalizing you, it makes sense to rollover your money and protect it. 

For more information email us at rollover@lofewm.com  and one of our rollover specialists will contact you within 48hrs.