Retirement Plan Rollovers

Raleigh, NC Retirement Planning: 401(k) & IRA Rollovers

RGA Investments will help you take the right financial steps to live a life of celebration after you’ve retired. We’ll simplify financial matters so you can live confidently and well on your retirement savings.

One way we help clients provide for their retirement is through 401(k) and IRA rollovers. Read more below to learn about this retirement saving strategy, or call RGA Investments today to learn more. Schedule your free portfolio review and retirement planning consultation to see how we can help you make the most of your retirement.

401k RolloversIn-Service DistributionRollovers for Neglected IRAs

401(k) rollovers

Have you recently left or lost a job with which you were contributing to a 401(k) account? The good news is that since these accounts are tied to your employer, once you cut ties with that employer you’re generally entitled to do what you wish with those funds. Unfortunately, a lot of people take unnecessary losses and penalties by withdrawing the funds. This can set your retirement back years (and tens of thousands of dollars!). The best option is to opt for a 401(k) rollover.

The 401(k) rollover is ideal because it allows you to transfer your existing retirement savings 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 withdrawal, your funds are not only going to be taxed, but will also be subject to an additional 10% penalty if you withdraw the money prior to age 59 ½.

In-service distribution

You may not have to wait until you officially retire to roll your pension over. Once you reach the age of 59 ½, you may be able to do in-service distribution, meaning that you can roll your pension or 401(k) over into an IRA even if you continue to work. Your pension will then continue to accrue with your employer and you have complete control of your money outside of your employer’s hands.

Rollovers for neglected IRAs

One of the most common mistakes investors make is to neglect IRA accounts. These accounts are often started with the best intentions but over the years receive little management. Often the investment process has been inconsistent and the beneficiaries are outdated. IRA rollovers/transfers can consolidate these accounts into one place to provide more effective management without taxes and penalties.

Regardless of the situation, RGA Investments helps clients maximize their savings by providing customized 401(k) and IRA rollover plans that are tailored to their individual objectives. By eliminating the guesswork, Rick Gardner, our Raleigh financial advisor, can ensure that this vital piece of your retirement plan is coordinated with your other assets to provide for your future financial needs.

We offer comprehensive financial services and retirement planning advice to clients in Raleigh, Durham, Cary and the surrounding areas.

Are you maximizing your savings?