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401k Resource Center

<h2>Retiring or Changing Employers?</h2><br/>

Retiring or Changing Employers?

If you or someone you know is is leaving their employer, you may have questions about job hunting or retirement income and health care or Medicare. You may also be wondering, “What should I do with my 401(k)?”

People leaving an employer typically have four options with their 401(k) retirement plan, but it’s not an all-or-nothing decision. Depending on your situation, it may be possible to engage in a combination of these options:

  • Leave the money in your former employer’s plan, if permitted
  • Roll the assets over to your new employer’s plan, if one is available and rollovers are permitted
  • Roll the assets into an Individual Retirement Account (IRA)
  • Cash out the account value

Each choice offers advantages and disadvantages. If you are uncertain what action to take with your retirement accounts, please reach out. Over the years, we’ve found the best financial decisions are the ones that consider all available options.  As always, I am here to help you navigate these life changes.

Educational Videos

Tax Basics of Retirement Accounts

Ever been confused on when to pay taxes on your accounts, if you need to, or what age can you take the money out? Different retirement accounts come with different rules and tax statuses. Let’s talk about it.

How to Optimize Your 401k

In this webinar, Bob and Jessie discuss how to get the most out of your employer retirement plan including:

  • How to choose investments within your 401k
  • How much you should be contributing to build a healthy retirement
  • Options to consider when its time to retire

401k Retirement Considerations

As people get closer to retirement, there are some things they need to think about in regards to their 401k, including possible rollovers, in-service withdrawals, and taxation. This is a clip from our webinar Retirement Planning 101. Watch the full video here:

What's Hiding in Your 401k Target Fund?

Do you know what the underlying investments are in your 401k Target Retirement Fund? While these funds might look safe, in a rising interest rate environment, they could be riskier than you think! This clip is from our webinar, All About Interest Rates. You can watch the full video here:

Take Charge of Your 401(k)

Keep up with your financial needs while avoiding common (and expensive) rollover mistakes. We put together this guide to help you potentially save thousands in taxes and fees, tips for speeding up retirement preparations, and critical mistakes to avoid.