IRA & 401(k) Rollovers
What’s the best way to handle old IRAs and 401(k)s?
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.
Have Questions for Advanced Retirement Design?
It can be difficult to make financial decisions without access to information. If you have questions or concerns about your current retirement strategy, feel free to contact us using the form below
Get Instant Access to Our Mutual Funds Report
Fill out the form below to receive your free copy of this report detailing the Good, the Bad, and the Fine Print of Mutual Funds. Don’t let missing information cost you money.