Chartered Retirement Planning Counselor (CRPC) Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

When Jenny Morris starts her new job, she should consider rolling her IRA into her new employer's qualified profit-sharing plan. This option can offer several advantages. First, consolidating accounts allows for easier management of her retirement savings, as she would have fewer accounts to monitor and manage over time.

Second, rolling over her IRA into the new employer's plan might provide access to a broader range of investment options and possibly lower fees. Many employer plans offer choices that can be beneficial for long-term growth, and they often have institutional pricing that can be more favorable than individual IRAs.

Additionally, rolling over into the employer's plan can enhance the protection of her retirement assets under ERISA (Employee Retirement Income Security Act), making her funds less vulnerable to creditors compared to an IRA.

This move may also allow her to take advantage of any employer matching contributions if her new plan allows for that, which can significantly boost her retirement savings over time.

Considering these aspects, rolling the IRA into the new employer's plan stands out as a strategic move for effective retirement planning.