Atlanta, GA (PRWEB) January 11, 2012
FiPath (http://www.fipath.com), the first independent online resource that provides financial planning information and peer-to-peer collaboration for consumers, today launched the FiPath Express Rollover Center™ to aid consumers through the rollover process. A rollover is done when you leave a company where you had contributed to a 401(k). Your options include cashing out your 401(k), keeping it in your current plan, or rolling it over to another qualified retirement account.
FiPath’s Express Rollover Center gives consumers the ability to quickly and easily sort through multiple rollover options to determine which option is the best match for them. The Express Rollover Center allows consumers to obtain and compare the basic information from each provider, including costs, fees, menu of services and more.
Members can select from two methods:
1. Consumers who prefer to conduct the rollover themselves can search for and select an IRA provider directly within the Rollover Center
2. Consumers who prefer guidance along the way can find a financial advisor through the Rollover Center who will provide direction in the selection process
Approximately 11 million 401(k)-to-IRA rollovers occur each year, and in 2010, $570B worth of IRA rollovers occurred. This is closely linked to the fact that Americans change jobs an average of 11 times during their lives. With so many different options to choose from, the selection process for finding an IRA provider can be time-consuming and confusing. Knowing which provider is best for you can make the difference between having a comfortable financial future in retirement and not having one at all.
“People are busier than ever, and many don’t have the time or resources to identify the right financial advisor or IRA provider,” said Tim Harrington, CEO, FiPath. “We saw a huge need for a customizable and flexible rollover center – which is easy to navigate and highlights the differences between each available rollover option. A lack of knowledge can result in consumers paying unnecessary fees or missing out on making more money for their retirement. Our rollover center aims to provide consumers with all the 401k information they need to avoid these pitfalls.”
FiPath is completely independent, free and easy-to-use, with no hidden agendas or tactics to manage consumers’ money or financial assets. The site’s comprehensive content, research tools and calculators help individuals address all aspects of their financial future, including retirement planning, college planning, personal finance, investments and insurance.
With a focus on filling the market void that currently exists for millions of consumers, especially Gen Xers, FiPath is the only independent site that provides financial education and collaboration for consumers, including unbiased content and easy-to-use tools, peer-to-peer connections, and expert resources. FiPath offers something for all types of consumers – from the do-it-yourselfer, to those who seek more guidance. With FiPath, consumers can connect with, and take control of, their financial future. FiPath also provides expertise and marketing support for financial advisors at FiPath.com/advisors. For more information about FiPath, please visit http://www.fipath.com.