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Retirement Planning - IRAs, 401(k)s, Rollovers > Retirement Place > Changing Jobs? Get Help with 401(k) Options > 

 

 

I need help deciding what to do with my old 401(k): Should I roll it over?

How to Roll Over Your 401k.

Rolling over your 401(k) Retirement Plan to an IRA:

 

 

Transferring your retirement nest egg to a self-directed IRA allows you increased freedom when it comes to your investment choices. The ideal means of moving your 401(k) account’s contents into an IRA is a direct rollover rather than a cash transfer.

Direct rollovers cut out the part of the transfer process in which your former employer takes a 20% tax withholding out of your account in case you choose not to reinvest your 401(k)’s contents in another retirement plan. (Side note: even if you are transferring over to your new employer’s 401(k) plan, a trustee-to-trustee transfer is the most effective way to move your money. Once your 401(k) plan provider writes you a check for the value of your account, you have only six months to complete the transfer, otherwise, that 20% tax withholding is extracted and lost forever.)

If you have company stock sitting in your 401(k) account with your old employer, deciding what to do with it when you transfer your 401(k) can be a challenge. If you roll over your account into a plain IRA, the entire value of your stock positions will be subject to income taxes. However, if you liquidate your holdings and transfer their value into a traditional savings account, you only pay income tax on the original purchase price of the stock, and any increase in the value of the security since its purchase date is subject to capital gains tax instead. 

 

Learn About Rollover IRAs(Click here)

 

 

Would you like to work with an Experienced Full-service Financial Pro?  

 

Our advisors get to know you and your retirement plans so that we can assess which investment options will best serve you. Call one of our experienced retirement specialists today at 1-800-50-PLACE.

Retirement plan specialists are available to help you assess your options and determine which retirement planning strategy best fits your needs.

 

 

 

Smart Money Move:

 

Rollover your old 401(k) to a Place Trade IRA today!

Rather than suffer through all of the disadvantages above and risk a lower standard of living than you had planned for your golden years, make the smart choice and take control of your financial future! 

 

 

  

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

Should I cash out my 401(k) retirement account or roll it over?

Related Articles

 

 

For more information on cashing in or taking your money out of your 401(k) or another retirement savings plan please review the official IRS website and visit: Cashing in your 401(k) instead of rolling it over?

(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 and nothing contained herein should not be considered as tax or legal advice under any circumstances.)

  

r Your 401k. 401k roll over 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.

Retirement plan specialists are available to help you assess your options and determine which retirement planning strategy best fits your needs.

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

   

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

    

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

 

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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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