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Should I rollover my employee retirement plan?

I was recently told by more than one financial advisor that I should rollover my employee retirement plan (now that I've left that company) into an Individual IRA. When I called that company to do just that, I was told by their advisor not to rollover. He explained that I began investing in 2007/08 when the market was low. If I were to rollover to an Individual IRA today, I would be buying in when market prices are high, thus buying fewer stocks/bonds (whatever pieces comprise the plan). He also said, since your plan has averaged a 5.1% gain this year, why would I want to lose that? Makes sense. Can someone speak to this logic for NOT rolling over?

Financial Planning, IRAs
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November 2016

The best answer is to get a qualified investment professional to guide you in this decision. The benefits of keeping it with your employer is the ERISA protection (against creditors), but if you are in a good financial position and that is not a concern, then rolling it over into a individual IRA will give you more investment choices. However, if you are uncomfortable with self-management, you must weigh that into the decision. Sitting down and talking with someone about your investment goals and the money's future purpose will only help you to come to a decision that is best for you.

I hope that helps and good luck!

November 2016
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