News | 08.18.21
Working Moms Are Neglecting 401(k) Rollovers: Why Advisors Should Help
Rolling over a 401(k) account when changing jobs can be an especially burdensome process for working mothers, and financial advisors on the lookout for new assets would be remiss not to assist them. Not consolidating accounts can have serious long-term repercussions, including diminishing clients' portfolio performance and complicating estate planning. Green Bee Advisory's Catherine Valega says women's historically conservative investment patterns compared to men's can impede the accumulation of retirement savings, and advisors like her educate female clients on the wisdom of more aggressive investment. "It does help to have someone who can help you with the paperwork, consolidating it and taking that list off of your plate so that you can get control, easily and time-effectively," says Mercer Advisors' Kara Duckworth.
Read the full article on Barron's.