We have looked at the first and second questions so far, now the third question to ask before touching your retirement assets -
‘Does my career put me at risk of being sued?’
Company-sponsored plans generally provide greater protection from lawsuits than IRAs. If you are a physician, own a construction company, or work in any field with heavy liability issues, you may be at higher risk for a lawsuit down the road. In that case, it might be wise to consider keeping your 401(k) where it is.
Next question to consider is here.
‘Does my career put me at risk of being sued?’
Company-sponsored plans generally provide greater protection from lawsuits than IRAs. If you are a physician, own a construction company, or work in any field with heavy liability issues, you may be at higher risk for a lawsuit down the road. In that case, it might be wise to consider keeping your 401(k) where it is.
Next question to consider is here.
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