IRA & 401(K) Rollovers

When you change jobs or retire, there are four things you can generally do with the assets in any employer-sponsored retirement plan:

  • Leave the money where it is
  • Take the cash (and pay income taxes and perhaps a 10 percent additional federal tax if you are younger than age 59½)
  • Transfer the money to another employer plan (if the new plan allows)
  • Roll the money over into an IRA

Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement. We can help you determine if a rollover is the right move for you.

If you decide to cash out of an IRA, we can help you find suitable vehicles to help you reach your retirement income goals.

Need a quick refresher on 401(K) plans? Click HERE.

Interested in learning more about IRAs, 401(k)s and other financial topics? Check out our LEARNING HUB.

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Netzel Financial January 28, 2019

In this Issue: Website launch and client portal. Economic recap for the week ending January 28, 2019. The 10/10/10 rule. Golf Tip and A Good Quote. NEW!! The Roxie Report. From the LEARNING HUB: Can You Psych Yourself Up to Save More? and Tax Considerations for Retirees.

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