The average American worker changes jobs multiple times1, and while a new job often means better pay and benefits, it can also result in a forgotten retirement account. In some cases, depending on your retirement investor’s situation, it might make sense to leave retirement savings in a prior employer’s plan, but consolidating retirement accounts in a new employer’s plan or individual retirement account may lead to better outcomes.
Most of your clients likely have multiple workplace retirement accounts. Share this flyer with them on combining retirement accounts to help illustrate the benefits they might want to consider.
1 Source: Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Median tenure with current employer was 4.1 years in January 2020
MFS FUND DISTRIBUTORS, INC.
MFS Investment Management is an American-based global investment manager, formerly known as Massachusetts Financial Services. Founded in 1924, MFS is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund.