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Consolidating your retirement savings assets with one provider makes it convenient to view and manage your retirement assets from one location. There are many rules and regulations around consolidating retirement accounts. If you have retirement accounts from prior jobs or with other retirement providers at your current job, you may be able to transfer those assets to Lincoln.* For advice contact your local representative.
You should note, however, that there may be additional fees, charges and tax consequences associated with transferring your assets out of your current plan, and you may be subject to new fees in the Lincoln account. Talk to your financial professional about what's best in your situation.
* If the money you are transferring was originally contributed by your employer on your behalf, there may be limitations on transferring these assets. Also, in some cases the other retirement provider might require additional forms. Our Lincoln retirement professionals will be able to help you determine what forms you will need to complete.
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