• When can you roll over?
  • After leaving an employer or retiring.
  • After age 59½ (even if still employed), thanks to the in-service, non-hardship withdrawal rule.
• Why consider a rollover?
  • Greater control over your investments, with access to more options beyond the limited choices of employer-sponsored plans.
  • Ability to reduce risk as you near retirement by leveraging strategies like “green money” for market protection or risk-adjusted portfolio management.
  • Potential for better alignment with your financial goals.
• Things to consider:
  • Compare fees between your 401(k) and IRA options.
  • Evaluate investment strategies and risk tolerance.
  • Ensure it aligns with your overall retirement plan.
• How does it work?
  • Open an IRA with a new custodian.
  • Process the rollover via paperwork, online forms, or over the phone.
  • Funds are typically sent directly to the new custodian or to you in a check (made out to the custodian), neither of which are taxable events.

If you’re unsure whether a rollover is right for you, reach out for guidance. We will assist in contacting your 401(k) provider to ask the right questions and evaluate your options.