Strategy About Resources Contact Client Center 5 Signs it Might be Time to Move Your Investments Making sure your investments are doing well can be a challenge, especially if you don’t like how they have been performing, or other things that may be going on in the background. If you’re feeling uneasy, it may be time to take a second look at what’s going on and make some important decisions. Here are five signs it may be time to move your investments: 1. Performance Has your portfolio been lagging behind the markets for years? Investors often get complacent and settle for mediocre returns in the often mistaken belief that eventually things will get better. Also, even astute investors will occasionally make poor investment choices and hang on to inferior portfolios. If you have questions about your performance, now is the time to reevaluate and get a second opinion. 2. Change in Employment You may have changed employers or recently became unemployed, leaving your employer-sponsored 401(k) or 403(b) in limbo. If you let it sit, you won’t know what’s going on, or can easily forget about it. The last thing you want to do is leave any money on the table. Another option would be cashing in the investment, but there’s a chance you could incur large penalties. One option to consider is rolling it over into another employer-sponsored plan or transferring it to an IRA. This way, you can monitor things to avoid any additional penalties. 3. You Want Direct Access Working with one person not only gives you direct access, but you may get a clearer sense of what is going on and where your investments stand. If you have a number of investments in different places, getting them all together under one umbrella may be beneficial. 4. You’re Getting Older As retirement age looms, you want to make sure you have everything in order so you can make the required minimum distributions when you have to. If your investments are spread out, you can easily mix accounts or forget which ones need those distributions. 5. You Need Balance Your investment portfolio may consist of diverse assets. You want to make sure everything is allocated properly and working to your benefit. If you have specific goals, having things in one place to monitor and rebalance those investments if needed will work to your benefit. Additionally, if you have a number of accounts in a variety of places, things can get confusing and hard to keep track of. If the current manager you deal with neglects to provide viable options to grow your money or sound advice that works to your benefit, chances are you have outgrown this manager and may get the hands-on approach you desire with another resource. The key to deciding whether moving your investments is a good idea is to gauge how you feel. The second factor should be whether or not you’re receiving the service you need. Although it may be a challenge to get all your accounts moved under one umbrella, once you get it done, you may feel a little better, see things a little clearer, and have the insight to make informed decisions. The most important thing to remember: a financial manager should be able to assist in providing the information needed to start making those changes without upsetting your portfolio. This content is developed from sources believed to be providing accurate information, and provided by the Wealth Strategies Group and Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult financial, legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Share on FacebookShare on TwitterShare on Linkedin Related Posts Common Financial Mistakes High Net Worth Real Estate Investors Make High net worth individuals (HNWI) is a classification used by the financial services industry to denote an individual or a family with liquid assets above a certain figure. Although there is no exact number, high net worth is generally referred to as those who have liquid assets of $1 million or more.. 7 Reasons to Stop DIY Investing and Hire a Financial Advisor Are you frustrated with the level of growth you experience when you attempt to invest on your own? Do you feel left out when your friends or coworkers talk about how much money they are making in the market while the value of your portfolio barely budges? If the answer is yes, it is probably. How Your Financial Advisor Can Help You Prepare for Tax Season While not all financial advisors are CPAs (Certified Public Accountants) and thus may not be responsible for the filing and handling of your taxes, they can help you make strategic financial decisions throughout the year that can result in a reduced tax burden. Just keep in mind that many of the strategies. Schedule an Appointment with the Wealth Strategies Group today SCHEDULE NOW (888) 848-4144 17011 Beach Blvd, Suite 150 Huntington Beach, CA 92647 2264 Fair Oaks Blvd, Suite 201 Sacramento, CA 95825 Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. The Wealth Strategies Group is comprised of investment professionals who are investment advisor representatives of Securities America Advisors, Inc., a SEC Registered Investment Advisor and registered representatives with Securities America Inc, a registered broker/dealer, Member FINRA and SIPC. The Wealth Strategies Group and the Securities America companies are unaffiliated. This website does not constitute an offer to sell or a solicitation of an offer to buy any security. Specific recommendations can only be based on review of a client's individual investment portfolio and financial objectives upon request and with appropriate offering documents. Securities America and its representatives do not provide tax or legal advice; therefore it is important to coordinate with your tax or legal advisor regarding your specific situation. Past performance is not a guarantee of future results. 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