Get organized with asset consolidation



Having your retirement money in one place may provide a clear view of your financial picture and make it easier to keep your account information current.

Don’t leave retirement accounts behind

As you journey through life, you may be happy to put some things behind you—bad hairstyles, your first job, fashion disasters, or four years of high school. While some things are better forgotten, you may not want to leave everything behind. What about retirement plans? If you have more than one retirement account, consider getting organized and rolling them into one plan.

Get a clear view of retirement assets

If you’re taking a road trip, it’s easier to plan your route if you can see the whole map. It’s the same with retirement planning. It may be easier to navigate to your ultimate retirement destination if you have a clear view of your assets. Managing one account instead of several lets you see the whole picture at once, takes less time, and simplifies a complex process.

When you have multiple accounts, you need to remember several passwords. Keeping your assets diversified across all of these accounts can also be tricky. Align your asset allocation with your goals- because having money in multiple accounts may not achieve your desired diversification.

Easily update personal information

Life happens. You might move, get married or divorced, or have children. These events all bring a lot of paperwork! With a single retirement plan, there’s only one account to remember to update. You want your confidential information to be sent to your current address where it can remain private. And you want to make sure your money goes where you want now, not where you wanted when you set up that old account.

Asset consolidation may offer a solution

Asset consolidation is just another way of saying moving your money into one account. Rolling your money into your current retirement plan may help simplify your planning, give you a clear financial picture, and make it easier to make changes to your account information when life happens.

Keep in mind that you have other options: leave your assets where they are, roll them into an IRA (unique fees may apply), take a cash withdrawal (be aware of possible taxes and penalties), or a combination of these options. There are pros and cons for each option, so consider each carefully.

Get personal help understanding your options

Don’t leave anything behind. Talk to a retirement plan representative so you can fully understand your options and make the decision that’s right for you.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY, and their applicable affiliates (collectively referred to as “Lincoln”).  This material is intended for general use with the public.  Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services.