Retirement Guidance for Career Transitions
Helping participants embrace change
For organizations big and small, employees are often the most valuable resource. Helping them retire on time — and on their terms — can enhance productivity, while lowering talent acquisition and retention costs.
And when it’s time to change jobs or retire, our experienced financial professionals can help your plan participants who don’t have (or aren’t working with) a trusted advisor to make a smooth transition. With a deep knowledge of employer plan rules, they’ll provide personalized guidance to help people live their best lives.
Benefits for employers
- An established program for turnkey implementation
- Extension of plan benefits, at no added cost
- A potential increase in participant satisfaction
Benefits for employees
- Personalized guidance through career transitions
- Access to a team of experienced financial professionals
- Proactive, customized, and relevant communications
Two-thirds of workers (67%) would like more information and advice from their employers on how to reach their retirement goals.
Your participants. Our focus.
Your participants deserve personalized guidance when it comes to making decisions about their future. Transamerica offers two specialized support structures when they have an important decision to make during a career transition.
Distribution counseling
We can help your participants confidently navigate retirement plan changes and career transitions. Our goal is to make it easier for them to make informed decisions and stay on course for the retirement they envision.
Your participants will receive:
- Education around the pros and cons of their available options, including potential tax implications
- One-on-one, phone-based counseling to help determine what to do with their hard-earned savings
- Guidance regarding severance, early retirement programs, and other potential workplace benefits
Retirement transition
Your participants have access to phone-based consultations with our dedicated team of advisors to help them smoothly transition to life's next big milestone.
Our team will consider a participant's current situation, short- and long-term goals, and the options they have with their workplace retirement plan. They'll guide them through key decisions, such as:
- How to build a holistic retirement plan
- Deciding on healthcare coverage
- Creating a sustainable income strategy and spending plan
Help your participants expand their retirement toolkit
Individual retirement accounts (IRAs) can enhance a participant's retirement strategy by complementing a workplace retirement plan and offering a wider range of investment options. More importantly, they can also continue protecting their tax-deferred retirement savings.
Our team of advisors can work with your participants to help them determine if a Transamerica IRA solution makes sense and matches their investor style, whether they prefer a "do-it-yourself" account or a holistic wealth management option.
Learn more about our retirement solutions
A trusted provider
Our experience, expertise, and proprietary recordkeeping platform helps plan sponsors meet their unique goals — no matter the size of the organization.
Tailored retirement plans
As a pooled plan pioneer and leading provider in industries like healthcare and higher education, we have custom solutions to meet your needs.
When rolling over or transferring from an employer plan, be sure to consider whether the asset transfer changes any of the features and benefits that may be important to you including: the range of investment options available; investment-related fees or plan expenses that may be incurred; service levels available; availability and circumstances of penalty-free withdrawals; timing of required minimum distributions; federal protection of assets from creditors and judgments; and tax consequences of rolling employer stock into a new plan.
Transamerica and its agents and representatives do not provide tax or legal advice. This material is for informational purposes and should not be construed as legal or tax advice. For legal or tax advice concerning your situation, please consult your attorney or tax professional.