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| 401k rollover Basics |
A 401k rollover is moving your eligible retirement funds, such as money invested in plans like a 401k, 403b or 457. When you no
longer work for an employer, you can choose to transfer or “rollover” your retirement plan into an IRA account. The process, “401k Rollover” is also known as “IRA
Rollover”. With a direct rollover, your retirement money continues to receive a tax-deferral, and you can continue to build tax-deferred savings when you change
employers with a direct rollover.
There is no limitation on the amount of money you can rollover from your previous employer’s retirement plan. Most people choose to rollover their
retirement funds into a Traditional IRA because there is no tax liability. |
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You can choose to rollover your retirement plan under the following circumstances: |
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If you are leaving your job |
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If you are changing your job |
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If you are retiring from your job |
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If you are layed off |
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If you are terminated |
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 for your Rollover options. |
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