Retirement Plan Distributions

Pension and other retirement plan options should be evaluated to help clients choose the option(s) that maximize income during retirement. Employees are often faced with rollover decisions as a result of job changes or retirement. An investment portfolio maximizing retirement plan distribution needs to be created to satisfy the client's retirement needs.

Timing can be crucial. Someone who will be getting income from a company pension or 401(k), for example, should consider delaying IRA or tax-deferred annuity withdrawals to let them grow at interest. And, as just mentioned, the longer people can put off taking Social Security retirement benefits, the bigger the benefit received. Here are more plan distribution timing and positioning suggestions:

• Unless former employers allow money to stay in their company retirement plans, employees have 60 days after leaving a job to roll the money into another qualified plan.
• If money is not going to be rolled into an employer-sponsored plan at a new company, the money should be put into a separate IRA.

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