When you’re looking for ways to make the most of your retirement savings, don’t overlook the advantages of rolling over eligible retirement plan accounts from previous employers into your current retirement plan account.
Consolidating your accounts can give you a clearer picture of where you stand and help you make better saving and investing decisions. It also allows you to streamline your service contacts to just one account-access website and participant service phone number. It’s easier to monitor performance and your overall asset allocation and should rebalancing or other changes be needed, it’s easier and quicker with one account instead of several at different companies. You’ll see your balance, account performance, investment allocations, and other important account information all in one place. This saves you time and reduces the need to keep track of multiple account statements.
It’s important to know whether your portfolio is aligned with your risk tolerance and retirement savings goals. By having all of your assets in one place, you can more quickly and easily get a complete picture of whether you are on track to meet your goals and to make any changes as needed.
You can potentially lower the fees and expenses assessed to your account by eliminating multiple accounts that are each charging annual service fees. Lower fees mean more of your money is working for you.
Consolidating your retirement plan accounts is a great step you can take to give yourself more control over your retirement savings and make account management easier.
To learn more about account consolidation with AXA Equitable’s Members Retirement Program, the only retirement program endorsed by the AIA since 1991, please call 800-523-1125 or visit us online.
Please be advised that this document is not intended as legal or tax advice. Accordingly, any advice provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. Such advice was written to support the promotion or marketing of the transaction(s) or matter(s) addressed, and you should seek advice based on your particular circumstances from an independent tax advisor.
The Members Retirement Program (Contract form #6059) is funded by a group variable annuity contract issued and distributed by AXA Equitable Life Insurance Company (NY, NY).
GE-67568b (3/12) (exp. 3/14)