Making Cents of IRA Rollovers

  • Oct 9, 2019

If you’ve been putting money away in an employer retirement plan such as a 401k, you have options on moving your retirement dollars safely.  It is important to fully understand those options and create a plan that works best for you.

If you’re switching jobs, and don’t want to move your existing retirement plan to your new employer, or pay penalties and taxes if you cash it out, you have the option of rolling it over to an an Individual Retirement Account (IRA).

An IRA rollover from a qualified retirement plan has no penalty and no tax consequences.
Perhaps you’re retiring, and wish to have more control over who, where, and how your hard-earned money is invested.  An IRA rollover may be a perfect option.

Before making any big financial decision, it’s important to talk to a trusted financial adviser, to find out what works best with your retirement goals, and to make sense of any penalties or tax consequences that could apply.  Set up an appoint with someone from the Ascentra Retirement and Investment Services team to create a personalized plan for you.

With the right help, it can be done safely and easily!