Should I Rollover my 401(k)?

Have you have left one or more jobs and still have a 401(k) or Roth 401(k) with your former employer?  Are you retiring and asking yourself if leaving your money in a 401(k) is the best option?  Maybe you see the volatility in the markets and just want to diversify but don’t know exactly how?


In any case you have four basic options to choose from.   You can:


1) Leave your assets in your previous employer's 401(k) plan or,

2) Cash out your 401(k) or,

3) Initiate a 401(k) rollover into your new employer's plan or,

4) Rollover into an IRA (Traditional or Roth).


There are several factors to keep in mind when contemplating a 401(k) rollover. Start by asking yourself where you are at in your business or career. You should assess your current financial status, as well as your tax and investment preferences, along with your short & long term financial goals.


Although it takes some time, you should consider all of these options before making a permanent decision.  We can help you evaluate your options, explain the pros and cons of each one, and give you our recommendation.


If you have any 401(k) rollover questions or want our help, just call us here at the office at 317-837-7720.