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Schulfer & Associates, LLC

Retirement Plan Options When Your Company Sells

Retirement Plan Options When Your Company Sells


By LouAnn Schulfer,  AWMA®, AIF®
Accredited Wealth Management Advisor®

Accredited Investment Fiduciary


I get a shifty feeling when I hear news that one company is being bought out by another.  Memories of deep discussions with clients over the past two decades fill my mind as I recall the stages:   shock of the news, waiting for information, and having to make decisions.  For some, the decisions are many.  For others, the decisions are few.


Since the new company has a different benefit package and retirement plan, it is common that employees will have to learn about and make decisions on their options.  Health insurance packages, life insurance coverage, vacation time policies, of course, a new retirement plan.


Generally speaking, employees will have a few options with their 401(k), 403(b), 457 or other retirement plan.  They may be offered to cash out the plan (which may be subject to penalties and taxes), to keep it with the current provider, to roll it to the new employer’s plan, and often may have a window in which they can roll their nest egg dollars into their own Individual Retirement Account, or IRA.    Each of these may have it’s benefits and drawbacks, but of the decisions you’ll have to make, this is an important one.  The compounding effects of where your money can be invested can have a significant impact on your probabilities of retirement success.  When facing decisions, know your retirement plan options when your company sells. 


LouAnn Schulfer is co-owner of Schulfer & Associates, LLC Wealth Management and can be reached at (715) 343-9600 or


Securities and advisory services offered through LPL Financial,a Registered Investment Advisor.  Member FINRA/SIPC.