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.
Get in Touch
An investment in knowledge pays the best interest.
Tax Changes That May Be Overlooked
Some alterations to the Internal Revenue Code were less publicized than others.
When a Windfall Comes Your Way
What do you do with big money?
Why You Should Start a Roth IRA for a Child or Grandchild
Should You Leave Your IRA to a Child?
What you should know about naming a minor as an IRA beneficiary.
Who is Your Trusted Contact?
This vital investment account question should be answered sooner rather than later.
Including Digital Assets in Your Estate Plan
What should you know? What should your executor know?
Beware of the Lifestyle Creep
Sometimes more money can mean more problems.