October 8, 2022 Issue, Page 3 of 12

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News October 8, 2022 The Elk City News -3 Should you consolidate TICKETS retirement accounts? 1 FOR $25 One of the rewards for potential benefits, including maintain a unified financial RMDs — from your tradi- 5 FOR $100 working over several decades these: strategy that’s appropriate fortional IRA and your 401(k) is the ability to contribute Less confusion and clutter - your goals and risk tolerance. or similar plan. If you don’t to tax-advantaged retire- If you have multiple accounts But once you've consolidated take out at least the minimal SWEEPSTAKES ment accounts, which can in different locations, it may accounts with a single pro- help provide needed income be difficult to keep track of tax vider, you'll find it easier to amount, which is based on for you when you do retire. documents, statements, fees, manage your investment mix your age and account balance, ‘As the years went by, you disclosures and other impor- and to rebalance your port- you could face a penalty. If you may well have accumulated tant information. Consolidat- folio as needed. The need to hhave several accounts, with several retirement accounts, ing accounts could help pro- SIDE OF BEEF AND A FREEZER such as IRAs and 401(k)s or vide clear, simplified account rebalance may become more different providers, it could 1/4 BEEF EACH similar employer-sponsored maintenance. important as you near retire- be cumbersome and difficult plans. But you might find it ment because you may want Less likelihood of “lost ac- to calculate your RMDs — it $500 CHAMBER BUCKS advantageous to consolidate to shift some of your assets counts” - It may be hard to into investments that aren’t will be much easier with all ac- December 10, 2022|8 PM these accounts with a single CHRISTMAS IN THE PARK believe, but many people aban- counts under one roof. provider. don their retirement accounts, as susceptible to swings in the Contact Zadie Eakins at 580-339-1311 to find out more infor- Consolidating them can leaving thousands of dollars financial markets. So, if you do have multiple mation or purchase a ticket. provide you with several Possible improvement in retirement accounts, give behind and unclaimed. In fact, investment options - Often, at the end of 2021, there were 401(k)s may have limited in- some thought to consolidat- nearly 25 million forgotten vestment selection, so con- ing them. The consolidation 401(k) accounts, worth about solidating accounts with a process is not difficult, and Remodel Reward 20% of all 401(k) assets, ac- full-service firm may allow for the end result may save you DISTINCT BY DESIGN™ cording to an estimate by Capi- a wider array of products and time and hassles, while also talize, a financial services com- strategies. This broader expo- sure can potentially help you helping you manage your re- pany that helps individuals roll Receive up toa 2000 rebate’ wich the purchase of select Cafe” appliance suice improve your overall retire- tirement income more effec- over retirement plan assets combinations from an authorized GE Reseller in the 50 U.S. States or D.C. into new accounts. It’s pos- ment income strategies. tively. Jay 14, 2022-Decnber 31,2022 Greater ease in calculating sible that employers can even RMDs - Once you turn 72, move small, old accounts out you will need to start taking This article was written by Ed- of their 401() plans and into withdrawals — called required ward Jones for use by your local an IRA on behalf of their for- minimum distributions, or Edward Jones Financial Advisor. mer employees, thus increas- ing the chances that savers will lose track of their money. By Edward Jones consolidating your retirement MAKING SENSE OF INVESTING plans with one provider, you can ensure you don’t lose track Edward Jones, Member SIPC of your hard-earned money. Ability to follow a unified 2014 W. 3rd | Elk City, OK 73644 eee §©(580) 225-3156 strategy - With multiple re- tirement accounts, and dif- ferent investment portfolios, Financial Advisor [email protected] you might find it difficult to How to get your $2000 Rebate Buy 4 Café Appliances = $400 Buy 5 Café Appliances = $900 Buy 6 Café Appliances = $1400 Buy 7 Café Appliances = $2000 Answeratheycaltof; ; a" 9-Piece Dining Set|MSRB:1$2 . thelopentroad! —_ COASTER YAuto\Rates'as low,as} Kluver’s Price: Whole Home Furnishings *Bedroom Kluver's APPLIANCES & HOME FURNISHINGS Ox interest Serving Western Oklahoma Since 1936 for 12 months 300 Opal Avenue, Clinton, OK (580)323-3074 07/22. Apo ee eM SA=APR reditworthiness and age of collateral. EASY tore financing with tation feelyrhe APR also includes a 0.25% APR FAST APPROVAL transfer {or payroll deduction and an additional “Appliance Repair n jurance]CU,checking account. ‘on most major brands rf) Follow us on Social Media begins ’accruing/on|the day thela lurrent|Endurance|FCU)loans/do. pm{ 0/07/224\Must'be\almember of www.kluvers.com by| NCUA For,completels