What is a 401(k) rollover?
When you leave your occupation, you are able to take the funds in your employer-sponsored 401(k) with you. This is what constitutes of a 401(k). This will allow you to transfer your money into another retirement account, like your individual retirement account (IRA). You will still be able to keep your money tax deferred.
The most typical kinds of 401(k) rollovers are:
- 401(k) to traditional IRA: This allows your money to continue to be tax-deferred and can possibly offer more investments 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 rather keep your funds in one account, this is the right plan for you. This is best if your employer’s plan permits rollovers and allows low-cost investment alternatives.
If you find yourself able to rollover your 401(k), count on the knowledgeable experts at Cornerstone Wealth Management. Our capable team will take the time to sit down with you and determine what 401(k) rollover plan fits with your lifestyle and financial situation. Cornerstone Wealth Management is more than equipped to help all the citizens of Kingman 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 efforts will guide While this might seem an intimidating process, don’t worry. Our highly competent team members will lead you step by step through the journey. We’re devoted to working as long as it takes to create the perfect plan that works best with your financial situation. When you work with Cornerstone Wealth Management, you know that we’ll be completely transparent with you.
Contact Us Today
If you’re ready to create a secure future for you and your family, call Cornerstone Wealth Management today. We understand that planning for retirement can be difficult. Let us assist you. We’re more than capable to tackle an issue you bring our way.