What You Need to Know About Rolling Over Your 401k | Asset Protection Wealth Management скачать в хорошем качестве

What You Need to Know About Rolling Over Your 401k | Asset Protection Wealth Management

A lot of people want to rollover their 401(k) but they do not know why, when, and how they should do so. Why: gain control of your retirement money when you leave a job or retire, consolidate accounts and simplify your financial life, potentially reduce fees and access better investment choices, and IRA rollovers may offer more flexible withdrawal options. When: after leaving a job, when retiring and starting income planning, if your old plan has high fees or limited options, when you want professional investment management, and don’t rush because mistakes can lead to penalties or taxes. How: choose where to roll it (Traditional IRA, Roth IRA, or a new employer plan), always request a direct rollover, avoid having the check made out to you as this could trigger taxes, work with a financial advisor for tax-smart planning, and stay organized to meet deadlines and fill out forms.