Retirement Network Advisors
 

401k Rollovers.

Benefits of a 401k Rollover:

If you’re leaving your old Job make sure that you rollover your 401k to an IRA to avoid Taxes. If you don’t, there is a 20% mandatory withholding tax.
Make sure you use an Asset to Asset transfer to avoid the 20%. You can do an unlimited amount of transfers per year, however, you can only do 1 self-directed IRA rollover using the 60 day law.
Here’s what I say, if you’re not at your old job then neither should your 401k be there, this way you can manage your own money anyway you’d like. In fact, by you doing a rollover into an IRA you now have complete control.

 

I offer my 45-minute free consultation in my office or over the telephone. Try to get another advisor to give you 45 minutes over the telephone -- it's not going to happen. Give me a call to pick my brain, and we'll see if we can solve your money issues with common sense and years of knowledge. Call me any time: 561-743-0999