Staying in your retirement plan when you stop working
It might
be right for you
One of your biggest retirement decisions is
deciding what you’ll do with your retirement money. The good news? You may not have
to take your money out. Did you know leaving it in your plan* may already be giving
you the most value at the most competitive price? You always have
access to Retirement Specialists who are ready to help you and your unique situation, at no additional cost.
Leaving your money in your plan also allows for
growth potential as you reach and go through retirement. At age 72 the government
will make you take Required Minimum Distributions (RMDs), but the rest of the money
in your plan has the opportunity to grow.
Additional possible benefits of staying in the plan include flexible payout options, confident plan oversight, timely communications, and intuitive online tools and resources.
Contact us to learn more about your plan benefits after retirement.
*If your plan allows
Qualified retirement plans, deferred compensation plans and individual retirement
accounts are all different, including fees and when you can access funds. Assets
rolled over from your account(s) may be subject to surrender charges, other fees
and/or an additional 10% early withdrawal tax if withdrawn before age 59 1/2.
Nationwide and its representatives do not give legal or tax advice. Please
contact your legal or tax advisor for such advice.