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Is a Rollover into an IRA the Right Move for You as a Carlyle Group Employee?

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Healthcare Provider Update: Carlyle Group Healthcare Provider Information: Carlyle Group, a prominent global investment firm, partners with various healthcare providers across a wide array of sectors. Notably, they engage with companies involved in healthcare delivery, pharmaceuticals, medical products, healthcare technology, and digital health services. Their strategic investments focus on driving performance and enabling growth within these areas, thus contributing to a transformative approach in the global healthcare landscape. Potential Healthcare Cost Increases in 2026: In 2026, healthcare costs are projected to rise significantly, primarily due to a combination of escalating medical expenses and the potential expiration of federal premium subsidies. Reports indicate that health insurance premiums for Affordable Care Act (ACA) marketplace plans may increase by an average of 20%, with some states seeing hikes exceed 60%. Without congressional intervention, over 22 million enrollees could face out-of-pocket premium jumps of over 75%, exacerbating the financial burden on consumers. As the healthcare industry navigates these challenges, it's essential for individuals to prepare for heightened costs in the coming year. Click here to learn more

Choosing an IRA rollover means that your money remains tax-advantaged and capable of growth, as in a Carlyle Group-sponsored plan. You may also gain more investment options than what may have been available in your Carlyle Group-sponsored plan. You may also gain oversight of managing these important retirement assets from your trusted Advisor.

If you roll your retirement plan assets over into an IRA account that you already own through your Advisor, you also receive the benefit of combined statements and holistic investment planning, making it easier to track your overall financial situation.

'Receive the benefit of combined statements and holistic investment planning, making it easier to track your overall financial situation.' brown rocky mountain beside blue sea during daytime

Some of the benefits of rolling your money into an IRA include:

Tax-deferred growth potential: This generally avoids current income tax and distribution penalties when removed from a Carlyle Group-sponsored retirement plan.

More investment choices: This allows for additional contributions, if eligible. IRAs can be combined and handled by one provider, thereby reducing trustee costs and consolidating statements. Protection from creditors in federal bankruptcy proceedings. The combined amount of your required minimum distributions (RMDs) can be taken from any of your Traditional, SEP or SIMPLE IRAs.

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However, there are also some important considerations that Carlyle Group should make before rolling over their money into an IRA, these include:

  • Internal management fees might be higher than in a Carlyle Group-sponsored retirement plan.
  • Fees and expenses depend largely on the investments you choose.
  • Loans from an IRA are not allowed.
  • Early distributions may be subject to a 10% IRS tax penalty in addition to income tax.
  • RMDs begin April 1 following the year you reach 70½ and annually thereafter; leaving the money in the former Fortune-500 plan may allow RMDs to be delayed until separation from service.
  • IRAs are subject to state laws governing malpractice, divorce, creditors (outside of bankruptcy), and other lawsuits; leaving the money in the former Carlyle Group-plan may provide additional protection against creditors.
  • Net unrealized appreciation (NUA) is the difference between what you paid for employer securities and their increased value. You lose favorable tax treatment of NUA if the funds are rolled into an IRA.

 

Hopefully, these insights will be helpful as you plan your retirement from Carlyle Group.

 

For more information about this topic, view our e-book here:   https://retirekit.theretirementgroup.com/will-your-retirement-plan-retire-with-you-e-brochure-offer

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What is the 401(k) plan offered by Carlyle Group?

The 401(k) plan at Carlyle Group is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, helping them to build a nest egg for retirement.

How does Carlyle Group match employee contributions to the 401(k) plan?

Carlyle Group offers a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit, which enhances the overall savings potential for employees.

What is the eligibility criteria for Carlyle Group's 401(k) plan?

Employees of Carlyle Group are generally eligible to participate in the 401(k) plan after completing a specified period of service, usually within the first year of employment.

Can employees of Carlyle Group change their contribution percentage to the 401(k) plan?

Yes, employees of Carlyle Group can change their contribution percentage to the 401(k) plan at designated times throughout the year, allowing for flexibility in their savings strategy.

What investment options are available in Carlyle Group's 401(k) plan?

Carlyle Group's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their retirement savings.

Is there a vesting schedule for Carlyle Group's 401(k) matching contributions?

Yes, Carlyle Group has a vesting schedule for its matching contributions, meaning that employees must work for the company for a certain period before they fully own the employer's contributions.

How can employees of Carlyle Group access their 401(k) account information?

Employees of Carlyle Group can access their 401(k) account information through the company's benefits portal or by contacting the HR department for assistance.

What happens to the 401(k) plan if an employee leaves Carlyle Group?

If an employee leaves Carlyle Group, they have several options regarding their 401(k) plan, including rolling over the balance to another retirement account, cashing out, or leaving the funds in the Carlyle Group plan if permitted.

Are there any loans available against the 401(k) plan at Carlyle Group?

Carlyle Group may allow employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan documents.

What is the process for enrolling in Carlyle Group's 401(k) plan?

Employees can enroll in Carlyle Group's 401(k) plan during their initial onboarding process or during open enrollment periods, typically through the benefits portal.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Restructuring and Layoffs: Carlyle Group announced a significant restructuring plan that includes layoffs affecting 10% of their workforce. This move is part of their strategy to streamline operations and reduce costs.
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For more information you can reach the plan administrator for Carlyle Group at 1001 Pennsylvania Ave. NW Washington, DC 20004; or by calling them at +1 202-729-5626.

*Please see disclaimer for more information

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