Transcript

Big Business Benefits on a Small Business Budget

 

Hello, I’m Kathy Howe – Executive Vice President and Director of Wealth Management & Trust of the American National Bank of Texas.

Today, I’m here to talk to you about Asset Consolidation.

Did you know that the average American changes jobs six to eight times in their lifetime? If you’ve ever tried to rollover an older account, you probably know how difficult the process can be.

American National Bank of Texas has joined with Transamerica to provide a team that is dedicated to helping you consolidate your retirement plans. You’ll have an assigned retirement counselor that will make the process easy for you. If you have retirement accounts outside your current employer’s plan, consolidating them all under one account can go a long way toward helping you simplify your finances.

Consolidating into a single account gives you one easy-to-read statement and that can substantially reduce your paperwork and help streamline your finances. Think about the time you could save managing your money with just one website and one phone number. In many cases, consolidation can help you control your costs. If you’re maintaining multiple accounts, you may be paying more than you need to. Of course, you should review any fees and expenses you pay, including any charges related to transferring your account, to see if consolidating accounts could help you lower your costs.

Having one view of all your assets can help you see where all your retirement savings are invested and know whether your strategy is on track. This also makes it easier to manage your finances. With your entire portfolio in one place, you can see how your investments are performing without having to do complex calculations. This can make it easier to understand your retirement outlook and take action to better align your savings with your goals.

Once you’ve consolidated accounts, it’s also easier to plan a withdrawal strategy when it’s time to take income in retirement. Picture how much easier it’ll be to manage your estate with your retirement assets all in one place. Before consolidating assets, please be sure to consider whether a transfer would change any features or benefits that may be important to you.

ANBTrust offers its retirement savings plan through a relationship with Transamerica Retirement Solutions. An industry leader in the retirement plan market, Transamerica and its affiliates have been providers of retirement plans and investment products for more than 75 years.

If you need assistance consolidating your assets, Transamerica has transfer specialists that can help you explore your options and guide you through the process step by step. So, contact Transamerica today and find out how consolidating can help simplify your finances and control fees and expenses. They will help you compare your outside investments with the options in our plan, so you can decide if consolidation will make sense for you. And if it does, they can help obtain the forms you’ll need and even help you complete them.

Get in touch with a transfer specialist today. Thank you for your time.