To roll, or not to roll? That is the question.
Rolling over your 401(k) or 403(b) plan has the potential to offer a wider variety of investment options to help you reach your goals in retirement. What should you consider when you’re trying to figure out what to do with the money that’s in an employer sponsored retirement plan?
As you approach retirement, you want your savings to be aligned with your overall goals; you want your money working for you.
Watch our newest live webinar—Rollovers: 7 Vital Factors to Consider, hosted by John Dean and Rick “The Professor” Plum, CFP®. If you have money in a former employer’s retirement plan and you’re not sure what you should do with it, this webinar is for you.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
IRA withdrawals will be taxed at ordinary income rates. Withdrawals prior to age 59½ may also be subject to a 10% penalty tax.
Roth IRA distributions of principal from a Roth IRA are tax-free; however, any earnings will be taxed at ordinary income rates and a 10% penalty tax will apply if withdrawn prior to age 59½ or within five years of the date the Roth IRA was established, whichever is longer.