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The Benefits of Insurance

What Happens to Your Retirement if Your Employer Goes Bankrupt?

Lots of people assume that their retirement savings is safe in their employer's 401(k), pension or other retirement plan, but that's not always the case. If your employer goes out of business, you may not have access to all of your retirement savings.

Below are three of the most common ways your retirement could be affected by your employer:

What Happens to Your Retirement if Your Employer Goes Bankrupt?

Trusting your employer with your retirement savings is a big risk. Even if your employer offers a good contribution, you should consider putting some or all of your retirement savings in a safe place where you will be in control of your money. There are retirement plans from large, well-established insurance companies that allow you to access your money early without heavy penalties, have no market risk, and some can even offer you a lifetime income when you retire. You won't have to worry about losing your savings and you'll have peace of mind knowing that you'll have the resources you'll need during your golden years.

If you're not willing to put your savings at risk, fill out the form to the right or call us at 855-460-0742. We'll have a licensed professional contact you to make sure you get a retirement plan that is reliable and meets all of your needs.

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