You’re Just One Step Away from Discovering Your 401(k) Options

4 Options for an Old 401(k)

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Withdraw the funds form your old 401(k)

  • Withdrawal may result in taxes, penalties and fees
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Leave retirement savings in your old 401(k) plan

Limited investment options
Additional fees may apply

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Roll over into new employers 401(k) plan (if not retiring)

If over 59 1/2 you may have additional options

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Roll over into IRA

Tax friendly investment options and retirement planning opportunities
May lower fees

Not sure what to do with an old 401(k)?

We can help.

If you have a 401(k) from a previous employer, or are about to retire, and are unsure what your options might be, let us help find a strategy that works best for you.

Letting an old 401(k) stay with an old employer may not be the best option for you. Many are surprised by the tax friendly options that may be available to them. We can put together a plan that may assist in growth or provide guaranteed retirement income depending on what your unique financial situation may be.

Schedule a complimentary 401(k) strategy session with us to get a 100% personalized plan from a local, independent advisor who has your best interest in mind.

Many things feel outside our control these days. Your financial strategy should not be one of them.

To sign up for a phone consultation, please fill out the form below. We will get right back with you to schedule a time that works for you.

Schedule a complimentary 401(k) call

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Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences including (but not limited to) a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. It is generally preferable that you have funds to pay the taxes due upon conversion from funds outside of your IRA. If you elect to take a distribution from your IRA to pay the conversion taxes, please keep in mind the potential consequences, such as an assessment of product surrender charges or additional IRS penalties for premature distributions.

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