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401(k) & IRA Rollovers

Roll Over Your 401(k) | IRA

Over the years, you may have opened or inherited numerous investment accounts – making it difficult to manage your portfolio and see a full picture of your retirement future. Rollovers are ideal if you have recently changed jobs or retired, and are looking to consolidate and manage your retirement assets.

The Educators Advantage Group IRA Advantage – Our goal is to help take the worry out of moving a significant portion of your life savings. Having assisted countless investors with rollovers and consolidation of their retirement accounts, we  can offer the following services to ensure a smooth rollover process for you:
  • Help to complete the complex paperwork necessary for the transfer of your accounts.
  • Monitor processing of paperwork to avoid administrative and human errors, to minimize any potential delays.
  • Assist in organizing beneficiary records to help ensure assets are distributed to heirs as intended.
  • Regularly communicate and provide status updates regarding your rollover.
Making the Decision to Roll Over from a 401(k) to an IRA 
.The decision to roll over from a 401(k) to an IRA can depend on each investor’s attitudes and preferences. Here are some factors that can help you evaluate your current 401(k) account, and if rolling over to an IRA is the best option.
  •  Are you satisfied with the breadth of investments offered in your current 401(k) plan? If access to a broader range of investments is important to you, then rolling over your assets to an IRA may make sense.
  • What are the total fees associated with your current 401(k) compared to the IRA account you are considering? Some common 401(k) expenses can including plan recordkeeping, investment, and other fees. Some common IRA expenses  may including account fees, investment fees/commissions, and other fees. Comparing the total fees for each account will allow you to make an educated decision on rolling over.
  • What services are available now from your 401(k) provider—and how do they compare to the services offered by your advisor? Compare educational materials, telephone help lines, online account resources, and access to face-to-face help and advice to determine the level of service that best fits your needs.
  • Do you plan on taking penalty-free withdrawals between ages 55 and 59½? You may be able to take penalty-free withdrawals from a 401(k) plan. In contrast, penalty-free withdrawals generally may not be taken from an IRA until age 59½. It also may be easier to borrow from a 401(k) plan.
  • Are you concerned about protection from creditors and legal judgments? Generally speaking, plan assets have unlimited protection from creditors under federal law, while IRA assets are protected in bankruptcy proceedings only. State laws vary in the protection of IRA assets in lawsuits.
  • Will you still be working at age 70½? Generally, you are not required to take required minimum distributions from your current employer’s plan. You would, however, be required to take distributions from an IRA.
  • Do you hold employer stock in your current 401(k) account? An investor who holds significantly appreciated employer stock in a plan should consider both the positive and negative consequences of rolling the stock to an IRA (including issues related to taxes and diversification).


Contact your Educators Advantage Group Advisor to get started.

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