401(k) and 403(b) Plan Rollovers
Do you have a retirement plan from an old job, but are unsure what to do with it? Rolling over your assets to an IRA may be a great solution. Doing so typically provides access to a wider investment selection and can potentially make you eligible for the above listed services at no additional cost.
Consolidating old employer-sponsored retirement plans to simplify retirement planning and have better control over investment options.
If you are considering rolling over money from an employer-sponsored plan, such as a 401(k) or 403(b), you often have the following options: leave the money in the current employer-sponsored plan, move it into a new employer-sponsored plan., roll it over into an IRA, or cash out the account value. Leaving money in a plan may provide special benefits including access to lower-cost investment options; educational services; potential for penalty-free withdrawals; protection from creditors and legal judgments; and the ability to postpone required minimum distributions. If your plan account holds appreciated employer stock, there may be negative tax implications of transferring the stock to an IRA. Whether to roll over your plan account should be discussed with your financial advisor and your tax professional.
