Whether you change jobs or retire, it can affect your employer-sponsored retirement plan. If this applies to you, there are available options when it comes to your assets. You can rollover the money into a new IRA plan, transfer the funds to your new employer’s plan, leave the money in the existing IRA, or cash out and pay the income taxes on the amount.
A good option is rolling the money over to a new qualified plan because this will permit your funds to accumulate further with deferred taxes remaining in effect. Of course, every financial situation is different and if your circumstances don’t allow for a plan rollover, we can help you cash out of your IRA and continue working toward your retirement.
For additional information on your financial strategy, call or email us today at 800.687.6768 and firstname.lastname@example.org.
To provide you with the best financial planning experience, we may offer you information on different investment and insurance products.
Be aware that no investment advisor will offer legal and tax advice, and no information given should be constituted as such. For that form of consultation, please contact an appropriate tax or legal professional.