What is a 401(k) rollover?
If you leave your job, you can take the money currently in your employer-sponsored 401(k) with you. This is a 401(k) rollover. It allows you to transfer your balance into another retirement account, such as your individual retirement account (IRA), while still keeping the money tax deferred.
The most common types of 401(k) rollovers are:
401(k) to traditional IRA: This lets you keep your money tax-deferred and can possibly offer more investment options with lower fees.
401(k) to Roth IRA: This gives you access to more investment options, but you will have to pay taxes on the rolled amount because it’s treated like a Roth conversion.
Old 401(k) to 401(k) with a new employer: If you’d prefer to keep your money in one account, this might be the best choice for you. This is best if your employer’s plan permits rollovers and allows low-cost investment alternatives.
If you find yourself in position that may allow you to rollover your 401(k), rely on the expertise of Cornerstone Wealth Management. Our expert team will sit down with you and determine what 401(k) rollover option is the best for you and your financial situation. We’re ready to help all of the citizens of Bullhead City with their 401(k) needs.
How Do I Rollover a 401(K) to an IRA?
While this may seem like a daunting or confusing task, don’t fret. Our highly qualified experts will guide you step by step through the process. We will take the time to organize the right plan that fits best with your financial situation. When you work with Cornerstone Wealth Management, you won’t be left in the dark. We’ll be completely transparent with you.
Contact Us Today
If you’re ready to secure a stable future for you and your family, contact Cornerstone Wealth Management today. We understand that planning for retirement can be tricky. Let us help you. We’re more than equipped to tackle any problem you bring to us.