401k

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Do you have a 401k?

If you’ve worked in the United States and have been saving for retirement, you probably have a 401k. But what happens to that pot of money if you relocate or return to the UK? Many US citizens, expats or cross-border professionals think that the only option available to them is to leave their 401K unattended until retirement, but that may not be the case. 

 

Our trusted partners can work with you to understand the intricacies of your plan and help you determine whether you have the opportunity to improve your retirement options with a well-suited alternative. 

 

You could potentially; 

Access a Wider Selection of Investments

Your 401k may be limited to a small sample of investment options. Having more options can help you develop a better long-term strategy for your retirement savings.

Lower your Costs

Depending on your 401k plan, there may be lower-cost fund options available.

Gain Flexibility for Withdrawals

There may be alternative plans that could enable you to manage your withdrawals and the taxes you pay on them.

Increase your Control

If you have a fund in your 401k that isn’t performing well you may not be able to easily switch away from this. More flexible alternatives could provide more control.

Share your Wealth

Upon death a 401k is generally paid out to one beneficiary. Would you like to have multiple beneficiaries or even a trust as beneficiary? 

 

The world of the 401k can be complex because of the wide range of options available to the companies at setup. With the help of our trusted partners, we can review your specific needs and determine the most suitable steps towards finding the best solution for you. 

Start Your Free No Obligation Review Today:

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Periscope Wealth Ltd is an appointed representative of Sterling Wealth Ltd which is authorised and regulated by Financial Conduct Authority FCA Number 653104.  Registered in England, Registered No. 09020864, Registered Address Greystone House, Moss Lane, Altrincham, WA15 8HW

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