Retiring, Investing, or Changing Jobs? Legacy Wealth Can Help

"I'm planning to retire after 34 years in healthcare. What do I do with my 401k, and can I get money every month?"

Congratulations, 34 years in one field is no small thing, and healthcare happens to be an area Legacy Wealth specializes in.

For most people in this position, the first question is what happens to the old 401k. Many end up rolling their retirement plan into an IRA, a move that carries no tax implications and no cost to make. From there, clients get access to advice and a wider range of choices to help grow what they've built. Legacy Wealth also helps answer the harder timing questions, like when to start taking Social Security, and can set up a monthly distribution so retirement actually feels like income, not guesswork.

"How do I know if I can actually retire?"

This is the question underneath almost every other retirement question, and it deserves a real answer, not a guess.

Coming in for a review means walking through retirement plans, savings, IRAs, and any other assets on the table, while also listening to what retirement actually looks like for that person. From there, the team compares potential retirement income against expected expenses and builds a strategy around it. There's no cost to have this conversation, and for most people, it's the single most useful meeting they'll have before making the decision.

"My financial accounts are scattered everywhere. Can Legacy Wealth help?"

Yes, and this comes up more often than people expect.

Consolidating scattered accounts, old 401ks, IRAs at different institutions, forgotten investment accounts, is something the team handles regularly, with staff members who specialize specifically in that process. Part of the value is simply knowing the language these financial institutions speak and understanding how to organize investments in a way that's built to maximize growth and long term value.

"I'm changing jobs and moving to a new company. Can you help with my retirement plan?"

Yes. This is one of the most common questions Legacy Wealth handles, and one of the most misunderstood.

Many people assume the only option is moving an old retirement plan directly into a new employer's plan. Often, though, rolling that old plan into a new IRA gives more control and more flexibility instead. The team knows the paperwork inside and out because they help people through exactly this move every day.

Reach out today or visit the website to learn how Legacy Wealth Management can assist you.

Investment and Advisory Services through LPL Financial, a Registered Investment Advisor, member FINRA and SIPC.