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Retirement Planning

 

Retirement Plan Rollover Rules Cheat Sheet

 

IRA FAQs

Retirement Plan Rollover Chart

Rollover your 401(k)

Cashing out your 401(k)?

Tax Reporting

Retirement Planning

 

Use this chart to determine which type of retirement plans you may choose from when you rollover your existing (old) retirement account:

   

Roll Into  >>> New Plan*

 

R

O

L

L

O

U

T

O

F

 

Y

O

U

R

O

L

D

P

L

A

N

**

 

Type of Plan

Roth

IRA

Traditional

IRA

SEP

IRA

SIMPLE

IRA

Qualified
Plan1
(pre-tax)

403(b)7

(pre-tax)

Designated

Roth Account
(401(k), 403(b)7
or 457(b)7)

Governmental

457(b)7

Roth IRA

YES2 NO NO NO NO NO NO NO

Traditional IRA

YES3 YES2 YES NO YES YES NO YES4

SEP-IRA

YES3 YES YES NO YES YES NO YES4

SIMPLE IRA 

YES,3 after two years YES, after two years YES, after two years YES YES, after two years YES, after two years NO YES,4 after two years

Qualified Plan(pre-tax)

YES3 YES YES NO YES YES YES3,5 YES4

403(b)7 (pre-tax)

YES3 YES YES NO YES YES YES3,5 YES4

Designated Roth Account (401(k), 403(b)7 or 457(b)7)

YES NO NO NO NO NO YES6 NO

Governmental 457(b)7

YES3 YES YES NO YES YES YES3,5 YES
 
   

*Can I Rollover my old retirement account into this type of plan (my new retirement account or plan)? 

**I have this type of retirement plan right now. I want to transfer out of this type of account and rollover my current/old plan into a new plan. The new plans are listed across the top of this chart. The current/old plans (that you want to rollover are listed down the left hand side of the chart).

1 Qualified plans include: 401(k), profit-sharing, money purchase and defined benefit plans
2 Beginning January 1, 2015, the IRS will only allow one rollover in any 12-month period
3 Must include in income
4 Must have separate accounts
5 Must be an in-plan rollover
6 Any amounts distributed must be rolled over via direct (trustee-to-trustee) transfer to be excludable from income
7PT does not offer annuity products at this time so if you are required to keep your plan in an annuity we would not be able to roll your current plan over. However, if you are eligible to roll your current annuity over to a non-annuity or cash product then you may roll those funds and/or securities over to an investment trust or IRA account with us. Please be sure to speak with your tax and/or legal advisor prior to making any changes to your current annuity or retirement account. Place Trade Financial, Inc. does not offer tax or legal advice of any kind.

 

Please note that the above information is subject to change by the IRS at any time without notice. For more information regarding retirement plans and rollovers, please call us today at 1-919-719-7200 and be sure to visit the Official IRS website for specific Tax Information for Retirement Plans. Always consult with yout tax and/or legal advisor prior to making any tax related investment decisions.

 

 
   

IRS Circular 230 Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor.

 
       
 

Why be just another number used to make a quota at a big box cookie cutter firm?

  Our experienced retirement specialists are happy to actually get to know you and your retirement plans so that we can assess which investment options will best serve your specific needs! We don't have quotas, we do not offer any proprietary funds, we do not receive any special deals for certain products and we do not take any part of the spread on your trades. We offer transparent pricing without conflicts so that we can offer the very best to our clients!   

 

   

Call us today at 919-719-7200 or 800-50-PLACE for more information!

   

Changing Jobs? What to Do With an Old 401(k) 

Retirement Planning: Individuals

Traditional IRA Roth IRA Rollover IRAs 401(k) Rollovers

 Qualified Plans: Business

SEP IRA

SIMPLE IRA

401(k)


Trade Options | Margin IRA IRA Trading Permissions Get Advice or Trade Online Cashing Out your 401(k) Switching Jobs? View Options From Ramen to Retirement

What can you do with your 401(k) when you change jobs? Get straightforward advice about your retirement plan options so you can make smart decisions! How to Roll Over Your 401k. 401k roll over
  Full service financial planning and investment advice is available to all of our US clients. Please speak with your full service financial professional regarding pricing for specific services. Full Service commissions and fees vary by products, services and Investment Company. Additionally, full service commissions are different from and are not included in the deep discount online trading commission schedules listed on this website.  

 

Make smart decisions with your old retirement plans today so that you can maximize your potential and get the most of your financial future!

 

Rollover your old 401(k) to a Place Trade Self-Directed IRA or Speak with one of our Experienced Financial Consultants to get Advice on your options or help develop a new financial plan.


Please be sure to check with your tax and/or legal advisor prior to making any contributions, withdrawals or other changes to your retirement account. Place Trade Financial, Inc. does not offer tax or legal advice. Information provided by Place Trade is for educational purposes and should not be considered as tax or legal advice under any circumstances.

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts