When you need IRA help you need an advisor who specializes in IRA’s. Former Investment Advisor, Mike Stapleton specialized in rollovers, transfers, and new IRA’s. With the recent upheaval in jobs due to Covid19, you may have changed jobs. If so, you may have an old 401(k). Many people who leave an employer leave their old 401(k) with the same company; however, it’s almost always a good idea to bring your old 401(k) over to your new employer’s 401(k) plan, or roll it over into a Traditional IRA. Traditional IRA’s typically have a more robust investment selection than 401(k) plans. Thus, IRA’s have a better chance of upside earning potential.
Tampa is a unique market. It has a high concentration of retirees, but it also has a newly minted technology sector that seems to be attracting quite a few younger generations. Many corporate facilities are cropping up around the area and that means more jobs. However, that also means more job turnover, and that calls for more 401(k) services. Depending on their size, employers typically provide SEP or SIMPLE IRA’s for their employee’s contributions. Larger employers usually provide 401(k) plans. SEP’s and SIMPLE’s operate very much like a Traditional IRA, however, it allows employees to contribute more of their earnings each year, with a higher maximum than Traditional or Roth IRA’s.
Contact Mike Stapleton in Clearwater, Florida for a free referral to a qualified registered Investment Advisory Firm who can optimize your IRA.