IRA & 401(K) Rollovers
When you change jobs or retire, there are four things you can do with the money in your employer-sponsored retirement plan:
- Leave the money where it is
- Take the money out of the plan (and pay income taxes and perhaps a 10% federal penalty tax if you are younger than age 59½ )
- Transfer the money to another employer plan (if the 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 start taking distributions in retirement. We can help you determine if a rollover is the right move for you and if appropriate help find the best vehicle to conserve and grow your rollover assets.