401K Rollover into IRA

When an employee leaves a company, the money can be rolled over into a new 401(k) account hosted by the new employer. You can also consider an IRA (individual retirement account) at an independent financial institution. A third option is to roll it directly into an IRA held at a mutual fund company.

The 401(k) rollover is ideal because it allows you to transfer your existing retirement account into another retirement account without being subject to unnecessary taxes or withdrawal penalties. Remember, retirement accounts like a 401(k) are funded with pre-tax dollars, and grow tax-deferred. That means if you take a premature distribution, the IRS is going to stick you with taxes on all of that money, and also apply an additional 10% penalty if you withdraw the money prior to age 59 1/2. This is a pretty raw deal if you don�t need that money for a dire emergency, yet so many people will take the penalty simply because they don�t know how to do a rollover.


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Simply complete,copy and paste the information below to our e-mail anecamara@mintcofinancial.com
We will help you  with the process of your 401K Rollover into an IRA or simply answer your questions. 

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