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Your career may take many twists and turns

Your career may take many twists and turns. Americans, on average, have worked 11 different jobs by the time they turn 46 years old.

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Your career may take many twists and turns

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  1. Your career may take many twists and turns Americans, on average, have worked11 different jobs by the timethey turn 46years old. Source: Bureau of Labor Statistics, July 2012, “Number Of Jobs Held, Labor Market Activity, And Earnings Growth Among The Youngest Baby Boomers: Results From A Longitudinal Survey.”

  2. Which road will you follow? 1. Stay put: leave it in the plan 2. Convert it to cash 3. Move it to your new employer’s plan 4. Take it with you with a Rollover IRA

  3. Option 1:Stay put You can often keep your retirement savings invested in your old plan after you leave your job.

  4. You may want to leave your money in the plan

  5. Option 2:Convert your savings to cash Withdrawing your assets in a lump sum is an option, but it’s rarely the best choice for pursuing your retirement savings goals.

  6. Avoid detours! Taking a cash distribution can have a significant impact on your ability to meet your savings goals

  7. Cashing out could meanpaying a hefty toll Tax consequences: • Income taxes due at current rate • 20% mandatory withholding • 10% additional tax on early withdrawals* • Loss of tax-deferred status * Most withdrawals made before age 59½ are subject to a 10% additional tax penalty.

  8. Cashing out could meanpaying a hefty toll * Most withdrawals made before age 59½ are subject to a 10% additional tax penalty.

  9. There’s no substitute for time on the road to retirement Totalinvested $50,000 Total $367,009 Totalinvested $100,000 Total $245,425 Illustrative purposes only.

  10. Option 3:Move your savings If you are changing jobs, you may be able to move your savings to your new employer’s retirement plan.

  11. Moving your savings can get you further down the road to retirement

  12. Option 4:Take it with you! Transfer your savings to a Rollover IRA without taxes or penalty.

  13. A Rollover IRA offers a range of benefits, wherever your careertakes you

  14. Two ways to roll overyour savings

  15. Two ways to roll overyour savings

  16. Keep your eyes on the road • Remember, cashing out can cost you • Compounding can help grow your savings • A Rollover IRA may offer more flexibility

  17. Need directions? Talk to your financial advisor Call Putnam Investments

  18. A BALANCED APPROACH A WORLD OF INVESTING A COMMITMENT TO EXCELLENCE • EO033 290288 8/14 | 19

  19. Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus, if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing. Putnam Retail Management putnam.com

  20. The ABC Company 401(K) Plan

  21. The ABC Company 401(K) Plan

  22. The ABC Company 401(K) Plan

  23. The ABC Company 401(K) Plan

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