Move Your 401k To An IRA

An IRA can offer you many benefits over a 401(k), 403(b), or other company-sponsored retirement plan.

Eligibility:

Typically you can move your 401(k), 403(b), or other company-sponsored retirement account to an IRA when leaving an employer. In many cases you can also transfer all or a portion of your retirement account while you are still employed. If you transferred a former employer's plan to your existing plan, that portion is typically eligible for rollover. Furthermore, many retirement plans offer an in-service withdrawal option for a portion or all of your current balance. You will need to contact your plan administrator to determine how much of your retirement plan is eligible for transfer to an IRA.

Avoid Taxes and Penalties:

This type of transfer moves your money directly from one retirement vehicle to another -- avoiding current taxes and penalties, while keeping your eligible savings growing tax-deferred.

Improving Your Options:

Rolling your 401(k), 403(b), or other company-sponsored retirement account to a new or existing IRA can provide you with a world of new investment options. IRAs can be invested in mutual funds, stocks, bonds, or other securities, including CDs and treasuries. This makes a Rollover IRA a good opportunity to re-balance your retirement portfolio, because it may allow you to choose investments not traditionally offered by employer plans.

Discovery Equity Advisors specializes in the management of retirement accounts. Contact us for an investment approach that meets your needs.