If you’ve changed jobs or are retiring, you may wonder what to do with the 401(k) you built at your former employer. A 401(k) rollover lets you move your retirement savings into an IRA or a new employer’s plan without triggering taxes or early withdrawal penalties. Consolidating your old 401(k) into a single account helps you manage your investments and control fees. We guide you through the rollover process so you avoid costly mistakes and keep your money growing tax-deferred.
Avoid taxes and penalties — when done properly, a direct rollover keeps your savings in a tax-deferred account and avoids the 10% early withdrawal penalty.
Investment flexibility — IRAs often offer broader investment choices than employer plans, allowing you to align your portfolio with your goals and risk tolerance.
Simplified management — consolidating accounts makes it easier to track performance and adjust allocations.
Continued creditor protection — qualified accounts like 401(k)s and IRAs receive federal protection from certain creditors.
Do I have to roll over my 401(k) immediately after leaving a job?
You typically have several options: leave it in your former employer’s plan, roll it into your new employer’s plan (if allowed), roll it into an IRA, or cash it out. Rolling it over keeps the tax advantages intact and avoids penalties.
Will my employer with hold taxes if I take a check?
Yes. If your plan sends the distribution directly to you, it must withhold 20% for taxes. To avoid this, request a direct rollover to your new plan or IRA.
How long do I have to complete a rollover?
If you receive a distribution, you generally have 60 days to deposit the funds into an IRA or new plan to avoid taxes and penalties. We help ensure paperwork is completed on time.
Next Step: Schedule a retirement savings review to determine whether a rollover makes sense for you.
Expert guidance — we walk you through direct and indirect rollovers, withholding rules and the 60-day deposit window to ensure compliance.
Personalized strategy — we align your rollover with your retirement goals, considering factors like fees, investment options and future contributions.
No sales pressure — as an independent agency, we recommend solutions based on your best interest.
Ongoing support — we help adjust your strategy as your career or retirement plans evolve.
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(704) 926-7565
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(980) 206-3356
