401(k) Rollovers and Roth Conversions
Rollovers and Conversions are complex. Especially when considering the tax implications. We understand them. Dealing with a local, family-owned company will provide you with a personal experience to navigate through the process that you will not find anywhere else.
Leave The Complexities Behind and Focus on What Matters – Your Retirement.
Unless you work in finance — 401(k)s, IRAs, and Roth IRAs and all their tax implications and strategies are probably not fun topics for you. We do our best to move past all of the textbook definitions of acronyms and focus on you and your goals, and what we can do to get you there.
At the heart of every retirement plan is a person, and often times a family, that is depending on sound management. We take that responsibility with the utmost sense of duty that you often cannot find at large corporate firms.
What Are The Benefits of Working With Us For Your Rollover?
We Make a Real Connection.
No call centers or automated menus — you deal directly with us. From understanding the entire process of your Rollover or Roth Conversion to tailoring choices to your specific goals and life, our team is there to guide you through it.
Attention to Detail.
Some firms have a fast-food approach to their customer service, prioritizing quantity over quality. That is not us. We make sure we have a clear picture of you what you need so we can to make informed decisions with you.
Guidance & Support.
We get to know you personally and are experienced in a wide range of finance-related services and situations. This puts us in a position to give truly personal and tailored advice.
Have a large balance in your 401(k) that you don’t want to move? We’ve got great news
It is possible that we may be able to offer your our professional money management services and investment options right inside of your current 401(k) plan. Be sure to ask us if this is something you are interested in!
FAQ
A Rollover is moving your 401(k) balance to another plan or to a personal IRA.
A Roth Conversion is done to pay all the taxes now and save taxes on the future
growth potential of the account.There are various situations where someone might choose to do a Rollover. Below are some (but not all) of the reasons that one might.
- Education and first-time home buyer expenses
- More robust beneficiary planning
- Unlimited investment choices
- Increased access and flexibility
You generally have 60 days from the distribution to roll over the 401(k) to a new qualified plan.
There are many factors to consider with this. Many employers do allow you to keep your plan with them; however, it may not be an advantageous thing in your unique situation. There are many things to consider. You may not be able to contribute more money, take loans, and any withdrawals may need to be for the full amount versus smaller distributions.
This would be a great discussion to have with us, and we would be glad to help you weigh your options.
Prior to rolling over any plan assets to an IRA, an individual should carefully consider various factors such as investment options, fees and expenses, services, penalty-free withdrawals, protection from creditors and legal judgments, required minimum distributions, and employer stocks depending on individual needs and circumstances.