Scroll to detailsStep 1: Open your new rollover IRA Don't have an IRA yet? You first need to open one—this is the account you’ll move the money into from your old workplace account. Keep in mind: If you made both pre-tax and post-tax contributions to your workplace account, you...
Move assets to your new/existing employer’s QRP, if QRP allows Take your money out and pay the associated taxes Each of these options has advantages and disadvantages and the one that is best depends on your individual circumstances. When considering rolling over your assets from a QRP to an...
The new plan may allow you to take a loan from your rollover assets You're looking for continued tax-deferred growth potential Keep in mind: You may pay annual fees for your IRA You’ll need to be at least 59½ to withdraw your money penalty-free At age 73, minimum distributions are...
Leave your money in your former employer's plan, if your former employer permits it Choosing this option means you don't have to make an immediate decision about where to move your savings. Your account stays subject to your previous employer's plan rules, including investment choices, costs...
Learn how to roll over your 401k, 403b, or other retirement savings plan with our comprehensive guide. Get tips on IRA accounts, retirement planning, and simplifying the rollover process
With a traditional IRA, money deposited into the account may be tax-deductible and is not subject to income tax until you withdraw your funds. This ability to delay when taxes are paid can be an advantage to some investors. Compare
costs by 0.5% per year (or even more, in some cases) simply by moving your money from a 401(k) to an IRA. That might not sound like much, but when compounded over your whole retirement, improving your investment return by 0.5% can have a significant impact on how long your money ...
Your assets or money are protected from creditors Roll over to new employer’s plan Same pros as staying in former employer’s plan. New plan may have different investment or savings options (e.g., Roth) than old plan Can add contributions to grow savings ...
A rollover IRA is a retirement account that allows you to move money from your former employer-sponsored plan to an IRA—tax and penalty-free1—while keeping your money's tax-deferred status. We're here to help with your rollover
Confirm the availability of online account management tools. Choose a gold IRA company that embraces technology to enhance your overall experience. Seek Professional Guidance Navigating the complexities of “401k to gold IRAs” without an advisor can be challenging. Seeking advice from financial professio...