As a fiduciary financial advisor in Concord, Holland Capital helps you bring retirement plans from past jobs, company stock and savings into one written plan, then manages the investments according to that plan. We work with clients in Concord by video and phone, and meet in person by appointment at the Regus center at University Executive Park in Charlotte’s University area.
You changed jobs, but some of the retirement accounts stayed behind.
Concord’s large employers include a hospital system, distribution centers and racing teams. A career can take you through more than one of them. Each job may have come with a 401(k), a match and its own investment choices.
Now you may have three or four accounts, each invested on its own. Some may have old fees. One may still hold a target-date fund chosen fifteen years ago.
None of it is necessarily wrong. It has just never been looked at as one plan.
A Plan Left at Every Job
When you change jobs, an old 401(k) has four usual paths. It can stay where it is, move to your new employer’s plan, roll into an IRA or be cashed out. Cashing out usually means income tax, and often a penalty if you are under 55 when you leave.
The right choice depends on each plan’s costs and investment choices. It also depends on whether you might retire before 59½ and whether an old account holds company stock. Company stock inside a 401(k) can get special tax treatment, so it is worth checking before anything moves.
Our 401(k) rollover guide walks through each path.
We list every account, what it holds and what it costs. Then we decide which accounts to combine and which to leave alone. We put that decision in writing.
When Part of Your Pay Comes in Stock
If part of your pay comes in employer stock, those shares can become a large part of what you own. Your paycheck and part of your savings may then depend on the same company.
We look at how much of your savings depends on one employer and what it would cost in tax to reduce it.
If you work in health care, our guide on Atrium Health retirement planning covers the benefits side in more detail.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Your Accounts as One Portfolio
An old 401(k), a current 401(k), an IRA and a brokerage account can end up owning many of the same investments. Together, they can also take more risk than you intended.
Once the accounts are listed, we manage them under a written investment policy statement. It sets the mix of stocks and bonds, the role of each account and how the accounts should work together.
Our guide on getting more from your 401(k) covers the choices inside your current plan.
At Holland Capital, investment management covers your current employer’s plan too. We give advice on its funds and contribution rate even though we do not hold it.
How We Work with Clients in Concord
Holland Capital Management is an independent registered investment adviser and a fiduciary. M. Chad Holland, CFA, CFP® works directly with clients and is responsible for the planning and advice.
For a first meeting, bring a recent statement from every retirement account, including the ones from past jobs, and a current pay stub. If you are not sure where an old account went, bring the employer’s name.
We will tell you what you have, what we would combine and what we would leave alone.
The first conversation is free. If there is work worth doing after that, we will define the scope and cost before you decide whether to move forward.
Holland Capital is based in Charlotte. If you are looking for a fiduciary financial advisor in Concord, we meet by appointment at the Regus center at University Executive Park, 301 McCullough Drive in Charlotte’s University area, about 23 minutes from Concord, and handle shorter check-ins by video or phone. Holland Capital does not maintain a branch office in Concord.
We work with clients throughout North Carolina. You can see the other North Carolina communities we serve here.
Our what we do page explains how a planning engagement works.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Frequently Asked Questions
How Does a Fiduciary Financial Advisor Decide Whether an Old 401(k) Should Move?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. We look at each old plan before recommending that you move it or leave it where it is.
Moving an old plan into an IRA we manage would put that money under our fee. When we recommend that move, we say so plainly and show you the cost of the plan you would leave next to ours.
Should I Combine All of My Old Retirement Plans?
Often, but not always. Fewer accounts are easier to track and invest. But some plans have very low costs, some allow penalty-free withdrawals from age 55 after you leave that employer, and company stock may be worth handling separately.
We look at each account before recommending a move.
Where Do We Meet If I Live in Concord?
By appointment at the Regus center at University Executive Park in Charlotte’s University area, about 23 minutes from Concord.
Between in-person meetings, video or phone works well for reviewing statements and benefits information.
Photo: Jubal91 / Wikimedia Commons / CC BY-SA 4.0, cropped.
