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401k Rollover
From your Former Employer to an IRA Account

 

Do you have Questions?
Ask Atlantic Financial

Retired? Left your company? Learn what you need for a correct and compliant 401k Rollover

If you have left a job, been laid off, retired or had a former employer cease operatiuons and have a 401k with your former employer's plan, we can help you take the required steps to get your funds put into your own account by assisting with a 401k Rollover.

You have several choices when you retire or change jobs. You can move your assets into an IRA, roll your assets to a plan with your current employer, keep your assets in your former employer's plan, or take your distribution in cash (withdrawal penalties may apply).

Contact Atlantic Financial Today

Three Simple Steps for a Correct 401k Rollovers to IRA:

401k Rollovers - 1 Begin
Contact Atlantic Financial to begin your
401k Rollover.  Tell the representative that you need an IRS Compliant 401k Rollover to IRA.  All rollovers provided by Atlantic Financial are in compliance with all IRS Regulations.  Atlantic Financial specializes in 401k to IRA Rollovers and has been helping people on the internet since 1994.
401k rollovers - 2 Transfer
Atlantic Financial and you will contact your former employer's plan and instruct them to roll your money into a new IRA Rollover account using a trustee to trustee transfer (see below).  The former employer may have already provided you with a rollover form or may need to be contacted, either way, Bruce Fenton and the team at Atlantic Financial will work to make sure your assets are handled properly.
trustee to trustee - 3 Review
Your former 401k administrator will transfer your funds over into your own name so that the fund may be transferred into your new account.  We will keep you apprised of the progress and inform you when the transfer is complete.  Once your funds have been credited to your new account we will contact you and work with you to select investments.

Trustee to Trustee Transfers

Since both 401k Plans and IRAs are considered tax qualified by the IRS, certain regulations govern them if the funds are to keep their special tax deferred status.  When you remove your funds from a 401k plan, within 60 days the money must be placed into an account that is also tax qualified or you can lose your tax benefit and be subject to IRS penalties.  A trustee to trustee transfer is when the assets from an account are transferred directly into your IRA Rollover account.  This is where 401k Rollovers are used.

 

How to decide if a Rollover is right for you

Provided by Fidelity Advisor Funds (Fidelity and Fidelity Advisor are one of the high quality fund companies recommended to clients by Atlantic Financial, we are not affiliated with them in any way other than our ability to offer their investment and clearing products)

Use the chart below to determine if consolidating your retirement savings into an IRA or 401(k) makes sense, in light of your specific needs and situation.

Consolidate in an IRA if you want:¹
  • A more complete view of your financial picture, making it easier to maintain appropriate asset allocation
  • Freedom from restrictions that may be present in your workplace savings plan
  • Access to a full range of mutual funds, stocks, bonds, CDs, and other investments
  • The ability to withdraw penalty-free for a first-time home purchase or qualified education expenses
  • More flexible distribution options for beneficiaries
Consolidate in a workplace savings plan (e.g., 401(k) plan) with your current employer if you:¹
  • Need additional asset protection from creditors
  • Will need to take a loan from this plan (if allowed by your employer)
  • Are over age 70½ and want to defer your required distributions
  • Invest in specially-priced or custom investment options or use managed money services in your plan (and the benefits of these options outweigh those of an IRA)
Leave your assets in your former employer's plan if you:¹
  • Stopped working for that employer by at least age 55 and are not yet 59½, need to withdraw funds for an immediate need, and don't want to incur an early withdrawal penalty
  • Take advantage of specially-priced or custom investment options or managed money services in your plan (and the benefits of these options outweigh those of an IRA)

 

Frequently Asked Questions

Do you have questions about your 401k Rollover or IRA Rollover?
Ask Atlantic Financial
Today!

Investment Choices

Atlantic Financial offers over 18,000 mutual funds as well as stocks, bonds, CDs, managed accounts and other investments.  Our selection includes Fidelity, Goldman Sachs, MFS, Mainstay, Evergreen, ING and many other leading companies. It is very likely that the specific investments you owned in your old plan are available.  Our overall options are much wider than any corporate 401k plan and we can find investments to meet a variety of investment profiles.  Once your transfer is complete, we can review a full list of options with you and a professional advisor will help you with your selection.

Why use Atlantic Financial?

Atlantic Financial has been rolling over 401k plans into IRA accounts for over a decade and has an outstanding reputation for client service and satisfaction.  We have no ties to proprietary mutual fund or money management companies so the selection and quality of advice you receive is virtually unmatchable.  

What is the Cost?

The cost from Atlantic Financial is $35 per year.  This includes custody services from our clearing firm, all statements, financial advice, internet access, quarterly reviews and all other services of the firm.  Within the account your investments may have built in charges such as those present in all mutual funds, transaction such as stocks will be subject to our standard commission schedule rates. 

Rollover IRA or Traditional IRA? What is the difference?

"Rollover IRA" is the name given to an IRA that holds money from a retirement plan like a 401k or 403(b). Money from an employer sponsored plan is preferably rolled over into a Traditional IRA which allows you to make IRA contributions, up to the annual limit.  Contributions cannot be made to a Rollover IRA.

You may also wish to rollover a current retirement plan you have with a bank or investment firm into a new IRA account with different options depending on your needs, goals and financial situation.  Have Questions? Contact Atlantic Financial Now!

What is your account minimum?

Atlantic Financial's services are ideally suited for investors with over $100,000 in assets. (Our account minimum is $10,000.)  Our full range of integrated financial, estate planning and tax services can accommodate the most discriminating investors while our personalized education driven approach appeals to financial beginners as well.

Information For Corporations

We can help your company serve former employees by transferring them out of your plan and into their own IRA account - it's better for the participants and saves the company money as well.  Atlantic Financial also can setup new 401k plans or administer existing 401k plans.

Contact Atlantic Financial

To begin your 401k Rollover today or to ask questions, please call 1-800-559-2900, email Atlantic Financial, or use this short form to contact us:

Also See: Corporate 401k Page | Roth IRAs | SEP IRAs | Traditional IRAs | IRA Accounts

 


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