IRS Compliant IRA and 401k Rollover
You have a few options with your 401k plan from a former employer.
You can transfer the money into a Traditional IRA or IRA Rollover
In almost all cases, a transfer to an IRA Rollover account is the best
option for wise investors.
For long term retirement security it is
imperative to have a sound savings plan such as an IRA and control and
flexibility are key to ensuring financial success.
Included in your
choices are these options:
(Request Information on IRA
- these accounts offer the same tax deferred status as 401k plans
but offer you more flexibility and control of your investment
If the you opt for a
can also continue to contribute up to the annual limit.
You could leave the money where it is - one drawback of this method
as that you must rely on your former employer for account management
You can pay a penalty, take the money out, and spend it. This option
is strongly advised against as you would be subject to both the 10% IRS
withdrawal penalty (up to age 59 1/2) and the withdrawal would be taxed
as ordinary income
With Atlantic Financial, your accounts will handled by a
professional who is able to offer far more advice than most order
takers at fund companies and other discount brokers. You will never
receive high pressure sales pitches and we only give advice when it
Clients of Atlantic Financial have access to
over 18,000 mutual funds.
Information provided by Oppenheimer Funds
When you leave your employer to start a new job or retire, there's
no doubt you're dealing with change and the stress that goes along
with it. With everything you have to think about, deciding what to
do with your accumulated retirement savings is probably the last
thing on your mind. But it's the one decision you can't afford to
The Results Last a Lifetime
That money you've worked so hard to save will probably be one of your
biggest sources of income during your retirement.
You're facing an important choice: what to do with your retirement
savings. And what you decide now will shape your future quality of life. It
could mean the difference between enjoying a comfortable retirement and
struggling to make ends meet.
You have several options to choose from and it's important that you know
the facts before you make a decision. Discuss your options with your
financial advisor to ensure that you are choosing the one that's right for
your own situation.
Know Your Options
You can do one of four things with the money you've accumulated in your
||1. Take the Cash
||2. Transfer the money to your new employer's plan
You get the money right away
Easy access to your retirement savings
Immediate resources if you have no other source of
You pay no penalties or taxes
You maintain tax-deferred status of your retirement
You might be eligible for loans from your new employer
You consolidate your old retirement savings with your
To get that money, you’ll have to pay a high price
-500 state tax
$5,700 could be all you see of your original $10,000.
Even worse, you lose the opportunity
to let that money continue to grow tax deferred.
Not all employers provide this option
You may not be eligible to join the retirement plan
until you’ve provided a year of service
The new plan may offer few investment options
Your ability to control and access your money may
||3. Leave the money in your employer's plan
||4. Roll the Money into an Oppenheimer Funds IRA.
Requires no effort and you pay no penalties or taxes
You maintain tax-deferred status of your
You may continue to be eligible for loan provisions
from your previous employer
You pay no penalties or taxes while your savings
continue to grow tax deferred
You can choose from more than 60 time-tested funds
representing most asset classes that can help you and your
financial advisor build a well-diversified portfolio
Your retirement savings are consolidated into a “nest
egg you never have to move again—but you can move the money
into a future employer’s plan if you wish
Online and phone-based tools give you easy, anytime
access to your account
You can work with a professional financial advisor to
manage your retirement investments
Your employer’s plan may not allow this option
The plan may not offer many investment choices
You have limited access to, and control of, your money
You’re leaving your money with a former employer
If the value of your account is less
than $1,000 your account can be cashed out by your previous
employer. However, if the value of the account is between
$1,000 and $5,000, the money may be automatically rolled
into an IRA. Check with your previous employer to see if
they have a cash-out provision.
Care must be taken to ensure the assets are transferred
properly and expediently. Working with your financial
advisor may limit these concerns
Begin Your IRA Rollover
Call Atlantic Financial at 1-800-559-2900 .
representative that you need an
IRS Compliant IRA Rollover.
All rollovers provided by
Atlantic Financial are in compliance with all IRS Regulations.
Atlantic Financial specializes in IRA Accounts and 401k to IRA
We have been helping people on the web since
Atlantic Financial will assist you with your rollover IRA and help
you consolidate your holdings.
The Atlantic Financial team
will work to make sure your assets are handled properly and
Atlantic Financial will keep you apprised of the status of your
rollover IRA and inform you when your accounts have been
After your rollover IRA has been completed, an
Atlantic Financial investment professional will contact you and work
with you to select investments that meet your needs.
If you would like assistance rolling over an existing retirement
plan, opening a new IRA account or if you have any questions please call
1-800-559-2900, email us (please be sure
to include your name and phone number in your email) or contact us
Financial Planning and Investment Services
Atlantic Financial has been serving clients on the Internet since
1994 and enjoys a solid reputation for service, selection and value.
We can review your
financial plan, assist with your
401k Rollover or
and answer your retirement questions.
I'd like to
about 401k rollovers from my previous employer to an IRA.
Roth 401k IRA Roth Options and 403b comparison
What you should know about your retirement savings plan
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
and ask to speak with an Investment Advisor.