From your Former Employer, Bank, Financial Advisor or Broker to an
IRA Account
Retired? Left your company? Want to improve on an existing account?
Learn what you need for your 401k or IRA Rollover
Does your old 401k or IRA need some help?
You do have a choice.
If you have a 401k with your former employer's plan or have an IRA with
a bank, brokerage or investment firm and think it can be improved, we
can help.
We can help you take the required steps to get your funds put into your
control by assisting with a 401k or IRA Rollover.
You have several options when you retire or change jobs.
You can: move your assets to an IRA, roll your assets to a plan with your
new employer, keep your assets in your former employer's plan, or take your
distribution in cash and pay whatever penalties and taxes may apply.
Investors interested in maximum control and avoidance of penalties and
taxes generally choose to roll the account to their own IRA.
Your rollover will be an IRS Compliant IRA or 401k Rollover to
IRA. All rollovers provided by Atlantic Financial are
in compliance with IRS Regulations and known as a "trustee to
trustee transfer" and do not require you to pay fees or fines
to the IRS. Atlantic Financial specializes in 401k to IRA
Rollovers and has been helping people on the internet since
1994.
Transfer
Atlantic Financial and you will contact your bank or brokerage or
former employer and instruct them to roll your money into a new IRA
Rollover account using a trustee to trustee transfer.
This way your money will go directly into your account.
The former employer may have already provided you with a rollover
form or may need to be contacted, either way, Atlantic Financial
will work to make sure your assets are handled properly.
Review
Your former 401k administrator, bank or broker will transfer your
funds into your own name so that the funds 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 notify you and you
can begin the investment selection process.
Rolling Over More Than $100,000? You may be eligible for premium
additional services.
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
from an IRA old 401k into your IRA or IRA Rollover account.
How to decide if a Rollover is right for you
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:
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:
Will need to take a loan from this plan (if allowed
by your employer)
Are over age 70 and want to defer your required
distributions
Leave your assets in your
former employer's plan if you:
Stopped working for that employer by at least age
55 and are not yet 59, need to withdraw funds for an
immediate need, and don't want to incur an early
withdrawal penalty
Chart 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)
Frequently Asked Questions
Do you have questions about your 401k Rollover or IRA Rollover?
Today
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, Barclays, Pimco, State Street Global
Advisors, Oppenheimer, Dodge & Cox, Alliance, JP Morgan Asset
Management, Putnam, MFS, Mainstay Funds, Franklin Templeton, American
Funds, Evergreen Investments, ING, Dreyfus, Oakmark and many other
leading companies. It is very likely that the specific investments you
owned in your old IRA or 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.
Once your account is active we will review your goals, risk tolerance
and investment plan to help you select investments that are a fit.
We have some clients who make all of their decisions alone and others
who provide us with discretionary ability to make all investment
purchases for them. Together we can select a plan that works for
you.
One of the main differences between Atlantic Financial and most brokers
and banks is our independent nature and global focus.
We are not tied to proprietary products, quotas, in-house investment
banking and so many of the other conflicts that plague our competitors.
We also focus globally and understand that our world is changing. We
don't agree with the standard lines of so many in our industry who claim
that everything is always fine while their clients continue to lose money
year after year. There is a better way. We don't have all the
answers but we have a better understanding of the problems and hopefully
solutions, than most.
Atlantic Financial has been helping investors with IRAs, IRA Rollovers
and 401k plans since 1994 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.
Atlantic Financial is not a fit for certain highly specialized accounts
such as those clients who wish to trade extremely rare investments with
very high frequency. (For example, if you do 5--10 trades a day in
different options and foreign stocks then we are probably not a fit, you
might check our our institutional services or a specialist firm).
Other customers that might be happier elsewhere are people who want to be
told what they want to hear or not collaborate on investment decisions.
Too often in our industry, investors are told what they want to hear and
sold what they think they want, often at their own detriment. At the
end of the day we will work as hard as we can to do the best we can as you
instruct us with your money, but we also work hard to collaborate on
investments and provide the very best advice, even if it is not what you may
want to hear.
"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.
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.
For accounts with less than $100,000 we typically recommend a mutual
fund account with Fidelity Advisor.
Accounts over $100,000 we typically recommend a wrap fee based account
which allows purchases of mutual funds as well as stocks, bonds, CDs and
other investments.
Be sure your are working to be in compliance with regulations, see the
IRS website,
IRS 401k Rules and Regulations or speak with a financial advisor from
Atlantic Financial
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.
To begin your 401k Rollover today or to ask questions, please call
1-800-559-2900, email Atlantic Financial, or contact us
in compliance with IRS Regulations and known as a "trustee to
trustee transfer"
