Employer-Sponsored Retirement Accounts

Many people begin saving for retirement through an employer-sponsored plan, such as a 401(k), 403(b), 457, or Thrift Savings Plan (TSP), depending on their profession and workplace. When you leave a job where you contributed to a workplace retirement plan, you often have the option to roll those assets into an Individual Retirement Account (IRA). Over the course of your career, consolidating old retirement accounts into a single IRA (or one Roth IRA and one Traditional IRA, depending on what vehicles you are using in your workplace plan) can help streamline your savings, simplify your investment strategy, and keep your long-term goals in focus.¹

Brokerage Accounts

Brokerage accounts can add valuable flexibility to your overall retirement strategy. Unlike most retirement accounts, brokerage accounts don’t have contribution limits or early withdrawal penalties, making them a versatile option for saving and investing at any stage of life. Whether you’re building wealth alongside a workplace retirement plan or looking for a place to keep excess savings, a brokerage account can support short-, medium-, and long-term financial goals. It can also serve as a useful tool in retirement, offering liquidity and access when needed.

1. The decision to rollover a workplace retirement plan into a personal IRA account should be considered on a case-by-case basis, as it may not always be the most prudent choice, depending on the specific facts and circumstances of the case.