Submitted by Southwest Investment Advisors on April 20th, 2020
The stock market high for the Dow Industrials index was on
February 19th at 29,551. The low point was on March 23rd when it dropped
to 18,591, which was a 37% decline – and the March monthly statements reflected
most of that decline.
Since then the market has recovered about half-way, or 5,650
points to 24,241 as of today, a 30% increase from the bottom. While we watch
the news getting less bad, and the market continue to recover, we want to
address the question: “What to do if you are in employment transition”.
If you or someone you know is in a state of transition, whether
having been laid off or changing vocations, we understand the additional
challenge in times of uncertainty. Once you know that your immediate
needs are handled, one of the most important decisions that often gets delayed
is what to do with old retirement accounts?
Old 401(k)’s, 403(b)’s, or TSP’s can sit unmonitored or without
professional guidance for YEARS. By moving your retirement accounts into
a Rollover IRA*, you will have more investment options and active monitoring
and management which could increase the returns of your investments for your
Please contact us if you are in this state of transition or if
someone you know finds themselves in a similar situation. We will talk
over the options and discuss what might make the most sense. This will be
one less decision you will need to worry about going forward.
Please stay healthy, and don’t hesitate to contact us if you have
any questions or concerns. For more information also check out our videos at www.southwestinvestmentadvisors.com/video.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.