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Rollover Services

Employee benefits and retirement accounts are a crucial component to the conversation when changing jobs, or transitioning to retirement.  We provide expertise on these topics to ensure clients make a sound financial decision and avoid tax complications.

Reasons For Rollovers

A rollover is a process that allows you to move money from one employer sponsored 401k or 403b account to another, or into your own IRA account.  This is typically done when changing jobs, or retiring.


Changing Jobs

Career changes can be promising and an exciting time.  It also requires a significant amount of due diligence over compensation, employee benefits, travel, personal fulfillment, and more.  When considering your employee benefits, an employer sponsored retirement plan is a large component.

When you leave your job, you typically have the option to rollover your old employer's 401k or 403b into a new employer's plan, or your own Individual Retirement Account (IRA).


Some people prefer to consolidate multiple old 401k or 403b plans from prior employers into a single account to make managing their retirement funds more efficient.  Clients also have the ability to rollover multiple plans into their own IRA account.  Be aware of any fees or charges associated with the rollover process, and any of the investment selections for the plan. 


Having a comprehensive retirement plan is necessary to reach financial security.  Part of that plan will ultimately include your retirement assets you've saved overtime.  Ending an employment contract leads to a decision on what to do with the employer sponsored 401k or 403b account.  Our team can assist with these decisions and create a tailored investment strategy to help you reach your retirement goals.

You can choose to rollover your 401k or 403b into an IRA, or another retirement account when you retire.  It is important to ensure the funds are transferred directly from one retirement account to another without you ever receiving the money.  This is the most commonly recommended strategy to help avoid any tax complications or penalties.

Rollover Process

When you officially end an employment agreement, clients generally have access to transfer their employer retirement plan.  It is recommended to contact your old plan administrator to understand specific procedures, paper work required, and timeliness to complete a rollover.  Next, clients must determine what account or plan they want to transfer the retirement assets into.  Having a dedicated team to help with the transition, and compile an investment strategy can be useful for your retirement and financial planning.


Tax Complications


A direct rollover is not considered a taxable event.  Your money retains its tax-advantaged status.  This occurs when a 401k is transferred directly to another 401k plan, or IRA.  Taking a withdrawal or receiving the funds payable to yourself, can make the distribution subject to income tax and early withdrawal penalties if under the age of 59 1/2.

Our advisors can manage the entire process to ensure you avoid these tax complications, and help with creating a proper investment strategy for your savings.

Contact Us

Learn why hundreds of clients trust us to manage their finances and retirement plans.  

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