• TAMPA • BELLEAIR BLUFFS • FORT LAUDERDALE • KANSAS CITY • TULSA • HAGERSTOWN
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There Are More Investment Options

  • You can Get the Roth
  • You Can Contribute to Both
  • You Can “Borrow” from Your Roth IRA
  • You Might Get Some Free Cash
  • There Are Far Fewer Rules
  • You Have Estate Planning Advantages
  • The Rollover Is Free

In addition to rolling over your 401(k) to an IRA, there are other options. Here is a brief look at all your options. For additional information and what is suitable for your particular situation, please consult us.

  1. Leave money in your former employer’s plan, if permitted
  • Pro: May like the investments offered in the plan and may not have a fee for leaving it in the plan. Not a taxable even.
  1. Roll over the assets to your new employer’s plan, if one is available and it is permitted.
  • Pro: Keeping it all together and larger sum of money working for you, not a taxable event
  • Con: Not all employer plans accept rollovers.
  1. Rollover to an IRA
  • Pro: Likely more investment options, not a taxable event, consolidating accounts and locations
  • Con: usually fee involved, potential termination fees
  1. Cash out the account
  • Con: A taxable event, loss of investing potential. Costly for young individuals under 59 ½; there is a penalty of 10% in addition to income taxes.

Be sure to consider all of your available options and the applicable fees and features of each option before moving your retirement assets.

CLIENT ACCESS
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