Rollover Other Retirement Assets into the
Program
Many participants have found it helpful to combine
their retirement accounts from former employers or IRA’s into their Ohio
Deferred Compensation account. If you have other pre-tax
retirement accounts, you may also want to consider a rollover to take advantage
of:
1. Access to professional help – The Program offers professionally
licensed representatives to help you select an appropriate asset allocation.
With all of your retirement funds together, we can
help you make coordinated investment decisions. Our representatives do not
receive any sales commissions, so they are working in your best interests.
2. Easier to manage and to access your funds – Keeping track of the funds
in various plans becomes simpler when you bring your assets together. You
receive one consolidated quarterly statement for all of your retirement assets.
You have access to your account information and can execute exchanges anytime
through our automated telephone system or web site.
3. Competitive rate investment option – For those who want to limit risk
while receiving a competitive return, we have a well managed Stable Value Option
for you to consider. The value of the securities held by the Stable Value Option
will fluctuate. The Stable Value Option focuses on principal preservation and a
stable rate of return.
To find out more about combining your retirement assets, contact an Account
Executive at 1-877-644-6457.
Carefully consider any difference between plan types before moving your
assets. Unlike your 457 plan assets, assets rolled over from a qualified plan or
IRA may have limited access and be subject to a 10% penalty tax if withdrawn
prior to age 59½.