Working...
401k Rollovers
401(k)s are a form of retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn at which point they can be converted into and IRA. Funds can be transfered (rolled over) if you change employers and you can manage the investments yourself under your new rollover IRA.
There are four choices for your 401(k): 1) Take the cash; 2) Leave the money where it is; 3) Roll it over into your new employer's 401(k); 4) Roll it over into an individual retirement account (IRA). Invest your 401(k) money wisely and make the most of your retirement. Learn how to manage your accounts, minimize your risks, and maximize your returns. You can start by consolidating your retirement assets under one roof by opening a 401(k) rollover IRA today at one of the leading brokerage firms.
401k rollover scenarios: If you've changed jobs or recently retired, you may be wondering what you should do with a 401(k) or other retirement savings account from a former employer. Take Control of Your Retirement Savings by rolling over your retirement assets to a Fidelity or Schwab IRA. Leaving a job to take a new position (or look for one) can be pretty stressful. There's a lot to think about, including what to do with the 401(k) you had at your old job. Making a smart decision could save you some money, not to mention keep you on track for a comfortable retirement.