401(k) Rollover Assistance
Have you recently switched jobs or have an old 401(k) from a previous employer? Are you struggling to keep track of multiple 401(k) accounts? You may want to consider rolling them into an Individual Retirement Account (IRA). Doing so may be advantageous, especially if your investment options within the 401(k) are limited. Rolling those dollars into an account with Asset Strategies gives you more options and more control.
Learn about the many benefits of a 401(k) rollover and then, when you’re ready, take advantage of a complimentary, no-obligation 15 minute call with one of our financial advisors to find out if a rollover is right for you.
4 Potential Benefits of Rolling Over Your 401(k)
Although each person’s circumstances are different, there are a number of reasons why a 401(k) rollover may be right for you. Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
Deferred Taxes
Most 401(k) plans are tax-deferred, meaning you don’t pay income tax on your money until you withdraw it. Rolling your 401(k) over into an IRA will continue to defer taxes on your savings.
More Options
401(k) plans can often limit your investment choices to those provided by your employer or plan custodian. Rolling your 401(k) over into an IRA gives you the ability to invest your money in a broader range of assets.
Lower Fees
All 401(k) plans assess annual administrative fees. Depending on the size of your plan, that fee could be anywhere from under 0.5% to 2% or more.
Simplification
Keeping track of multiple 401(k) accounts can feel like a juggling act. By rolling over your 401(k) plans into an IRA, you can keep track of your balances and portfolio performance from one single account.
Still have questions about 401(k) rollovers?
Schedule a complimentary, no-obligation 15-minute phone call with one of our friendly and knowledgeable financial advisors today to get answers to your 401(k) rollover questions. Asset Strategies has been proudly serving the people of Omaha and Lincoln, NE and the surrounding areas since 2002.
