As a fiduciary financial advisor in Rock Hill, Holland Capital helps late-career employees with one large 401(k) decide whether to keep it in the plan or move it, who should manage it, and how it becomes a retirement paycheck. We work with clients in Rock Hill by video and phone, and meet in person by appointment at the Regus center on East Main Street.
Most of your savings sit in one account. Retirement is getting close.
Rock Hill has about 75,000 people. Nearly one in three owner-occupied homes has no mortgage, and about one in four workers here has a job outside South Carolina.
If you have worked for one or two employers for decades, your 401(k) may be one of your largest financial assets.
As retirement nears, three questions come up. Should the money stay in the plan? Who should manage it? And how much can it pay you each month?
Stay in the Plan or Move It
Leaving the money in your employer’s plan can make sense. Some plans have low costs, solid funds and flexible withdrawal options. Other plans may offer fewer withdrawal choices.
Rolling to an IRA can widen your choices, but it can also raise costs. Our guide on whether to roll over your 401(k) lists what to compare first.
The Question Behind the Rollover
An advisor may earn more if assets move from a 401(k) into an account the advisor manages. That potential conflict applies to us as well.
If you roll your account into an IRA we manage, our fee applies. We show you that cost next to the cost of staying in the plan before you decide.
Turning the Balance into a Paycheck
A retirement income plan starts with your spending and other sources of income. Your 401(k) may provide part of what remains.
The plan sets a starting withdrawal amount. It also determines how much to keep in more stable investments and how much to invest for later. Our guide on a sustainable withdrawal rate explains how the starting amount is chosen.
At Holland Capital, investment management includes advice on your plan’s funds if the money stays where it is.
How We Work with Clients in Rock Hill
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.
Bring your latest 401(k) statement, the plan’s fee disclosure, your Social Security estimate and a recent tax return.
We put both choices side by side in writing: stay in the plan or roll over, what each costs and what monthly income each supports.
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.
Our offices are in Charlotte, North Carolina and Winter Park, Florida. We work with clients in Rock Hill primarily by video or phone. When an in-person meeting makes sense, we meet by appointment at the Regus center at 331 East Main Street in downtown Rock Hill.
We work with clients throughout South Carolina. You can see the other South 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
Can I Take Money from My 401(k) at 55 Without a Penalty?
Sometimes. If you leave your job during or after the calendar year you reach 55, withdrawals from that employer’s plan may avoid the 10% additional tax on early withdrawals. The plan’s own rules still apply.
The age 55 exception generally does not apply to withdrawals from an IRA.
Why Ask a Fiduciary Financial Advisor About a Rollover?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. On a rollover, that means comparing staying in the plan with moving, and telling you how each choice affects what we are paid.
Our fees are disclosed in writing up front.
Where Do We Meet in Rock Hill?
At the Regus center on East Main Street downtown, by appointment.
For follow-ups, a phone or video call is usually enough.
Photo: Hashtag youre it / Wikimedia Commons / CC BY-SA 4.0, cropped.
