What is a 401(k) rollover?
A 401(k) rollover is the process of moving retirement assets from an employer-sponsored plan into another eligible retirement account, such as an IRA or another employer plan.
Should everyone roll over an old 401(k)?
No. Keeping money in the existing plan may be appropriate in some situations. Your fees, investment options, age, creditor protections, withdrawal needs, and retirement goals should all be considered.
Can I roll over my 401(k) while I am still employed?
Some employer plans permit in-service rollovers after certain eligibility requirements are met. The plan documents determine whether this option is available.
What happens during a 401(k) Rollover Strategy Session?
We review your current account, discuss your retirement goals, explain your available options, and help you determine whether leaving, transferring, or rolling over the account makes sense.
Will I owe taxes when I roll over my 401(k)?
A direct rollover can often be completed without creating an immediate taxable event. Taxes may apply depending on how the transaction is structured and the type of accounts involved.
