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403(b), 457 and Pension Rollover
 
 
401k Rollover Options :

  1. Roll your 401k over into a personal retirement account (IRA)
  2. Leave your 401k with your current employer
  3. Rollover all or a portion of your 401k to your new employer
  4. Take a full or partial withdrawal
Arrow_bullet  Roll your 401k over into a personal retirement account (IRA).
  • Advantages :
    • bullet Gain full control of your retirement plan
    bullet Gain full control of your investment options
    bullet Access to fully customizable asset allocation models
    bullet Easy and inexpensive access to professional investment advice
    bullet Flexibility in executing your decisions
  • Disadvantages :
    • bullets None
                            Rollover My 401k Plan Click Here
Arrow_bullet. Leave your 401k with your current employer: Rules and limitations apply depending on your employers specific retirement savings plan rules.

  • Advantages :
    • bullet Convenience
  • Disadvantages :
    • bullets Current employer retains control over your investment options.
    bullets You may not have access to the investment vehicles appropriate for you.
    bullets Limited access to professional investment advice.
Arrow_bullet. Roll over all or a portion of your 401k to your new employer. Rules and limitations apply depending on your new employers specific retirement savings plan rules.
  • Advantages :
    • bullet None
  • Disadvantages
    • bullets New employer gains control over your investment options.
    bullets You may not have access to the investment vehicles appropriate for you.
    bullets Limited access to professional investment advice.
    bullets Continues circle of having to roll over accounts as you change jobs.
Arrow_bullet. Take a full or partial withdrawal with the check payable to you. Beware of withdrawing money from your retirement savings plan account because you will owe current income taxes on the eligible portion of your withdrawal. In addition, if you take the withdrawal before age 59 1/2, you may also owe an additional 10 percent early withdrawal penalty.
  • Advantages
    • bullet Instant access to a small portion of your funds.
  • Disadvantages
    • bullets Taxes are payable, either 20 % instantly through withholding or Income taxes.
    bullets 10 % penalty tax will apply to most withdrawals before age 59 ½
    bullets Your financial independence might be in jeopardy.
 
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