Your 401(K) & IRAs

When you change jobs or retire, there are four things you can generally do with the assets in any employer-sponsored retirement plan:

  • Leave the money where it is
  • Take the cash (and pay income taxes and perhaps a 10% additional federal tax if you are younger than age 59½ )
  • Transfer the money to another employer plan (if the new plan allows)
  • Roll the money over into an IRA

Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement. We can help you determine if a rollover is the right move for you.

If you determine to cash out of an IRA, we can help you find suitable vehicles to help you reach your retirement income goals.

Come In For A Visit

Come in for a free, no-obligation consultation with one of our Semmax fiduciary Financial Advisors to answer any questions or concerns you may have about your retirement or investments.

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Come In For A Visit

Come in for a free, no-obligation consultation with one of our Semmax fiduciary Financial Advisors to answer any questions or concerns you may have about your retirement or investments.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Your Insurance Professional and Investment Advisor Representative is not permitted to offer, and no statement contained herein shall constitute, tax, legal or accounting advice. You should consult a legal or tax professional on any such matters.

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