Retiring or Changing Jobs? Know Your Rollover Options Before Moving Your Retirement Money.
You spent years building your retirement savings. Before making your next move, take 2 minutes to understand your rollover situation and explore the options available for your 401(k), 403(b), TSP, 457(b), or other eligible retirement account.
Educational retirement guidance designed to help you make informed decisions about the money you've worked years to accumulate.
Life Is Changing
Your Career May Be Changing. Your Retirement Strategy May Need to Change With It.
If you've retired, changed employers, or still have money sitting in a former employer's retirement plan, you may have important decisions to make.
Depending on your individual circumstances and plan rules, your options may include leaving your retirement savings where they are, moving them to another eligible employer plan, rolling eligible assets into an IRA, or considering other retirement strategies.
Before making a decision, it's important to understand the potential impact on taxes, investment choices, fees, access to your money, beneficiaries, risk exposure, and retirement-income strategy.
Rollovers 101
What Exactly Is a Retirement Rollover?
A retirement rollover generally means moving eligible retirement assets from one retirement account to another while maintaining their tax-advantaged retirement status when applicable requirements are followed.
A rollover is different from simply cashing out your retirement account.
For example, after leaving an employer, an individual may be eligible to move assets from an old 401(k) into an IRA or another eligible retirement plan.
The right decision depends on your individual circumstances—which is why understanding your options before taking action is so important.
- Old Retirement Account
- Understand Your Options
- Compare Your Retirement Needs
- Make an Informed Decision
Rollover Readiness Assessment
Is a Rollover Right for Your Situation?
Answer a few questions about your retirement situation. It takes approximately two minutes.
Your Choices
Before You Move Your Retirement Money, Know Your Options.
Keep It
Learn about considerations associated with leaving eligible retirement assets in a former employer's plan.
Move It
Understand circumstances in which assets may be eligible to move to another employer-sponsored retirement plan.
Roll It
Learn how eligible retirement assets may potentially be rolled into an IRA and what factors should be considered.
Plan It
Evaluate how retirement assets fit into your broader goals for income, protection, liquidity, taxes, beneficiaries, and legacy planning.
No single option is right for everyone. Each choice has potential advantages and tradeoffs depending on your circumstances.
Don't Make a 30-Year Retirement Decision With 30 Minutes of Research.
Your retirement savings may represent decades of work. Before moving your 401(k), 403(b), TSP, 457(b), IRA, or other retirement assets, understand your choices and the potential tradeoffs.
Take the short Rollover Readiness Assessment and start with education—not pressure.
Monica Disroe
Owner | Retirement Specialist
Monroe Insurance Life & Annuities