401k Rollovers at Taylor Retirement Services, Inc

When you change jobs or retire, there are four things you can do with the money during the financial planning stage:

 

• Leave the money where it is

• Take the cash (and pay income taxes and perhaps a 10% federal penalty tax if you are younger than age 59½ )

• Transfer the money to another employer plan (if the plan allows)

• Roll the money over into an IRA Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement

 

Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement. We can help you determine if a rollover is the right move for you, and we can help find the best vehicle to help conserve and grow your rollover assets.

 

If you are in need of financial planning assistance or have questions about 401K rollovers, contact us at Taylor Retirement Services, Inc today.