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IRA & 401(K) Assets

What is an IRA Rollover?

Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement. If you change jobs and want to move your 401(k) money with you to your new job and your new 401(k), we can help you determine if a rollover is the right move for you if your company allows that.

What happens if I cash out of my IRA?

If you choose to cash out of an IRA, we can help you find suitable vehicles to help you reach your retirement income goals. However, it is essential to keep in mind that specific penalties and tax consequences may apply. You may pay income taxes and perhaps a 10% additional Federal tax if you are younger than age 59½.

Neither the Company nor its agents or representatives may give tax, legal, or accounting advice. Individuals should consult with a professional specializing in these areas regarding the applicability of this information to his/her situation. Consult with your wealth management team to determine what is right for you.