Best Financial Advisors in Greensboro, NC

Okay so here's a situation for you...nnlet's say you've been saving like crazy innyour 401k and you're getting close tonretirement.nnThe only thing is your 401knplan may not offer a lot of investmentnchoices for you or maybe there's justnnot good choices for yournsituation and you would love to get thatnmoney out of the 401K and invest it thenway you want to, but the thing is you'renstill employednnWell you can with an In-service withdrawal. IF you are age 59 1/2 or over, and your plan allows it, you can take money out of your 401k and roll it into an IRA , then invest the way you want!nnNow there are some advantages andndisadvantages of doing an inservicendistribution nnadvantages would include:nn✔️ more investment choices and more controlln✔️ access to professional advicen✔️ consolidate retirement assetsn✔️ convert to a roth once rolled over (some 401k plans do not allow this)nndisadvantages would include:nn❌ may lose special pricing or fee reduction, if offerredn❌ If you have company stock, could miss out on NUA (net unrealized appreciation)n❌ Loan provisions that 401k offers nnIn service withdrawals are a common way to take control of how your 401k is invested but its a personal decision. Sometimes it makes a LOT of sense to do it and sometimes it does not.nnThat's why personal finance is PERSONAL.nnIf we need to talk about this, let me know.nn#financialplanning #retirementplanning #investments...