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401(K) Rollover

Considering Rolling Your 401(k) Account to an IRA?

Get Your No-Obligation 401K Assessment
and understand the options before making a decision:

— 1 —

Get Answers to all of your 401K questions

— 2 —

Understand your Rollover options and next steps

— 3 —

Uncover strategies that may help you protect your assets

— 4 —

Learn to create a guaranteed lifetime stream of income

What Differentiates Us 

As you plan for retirement, you want to give yourself every possible advantage – both while you’re accumulating your savings, and after you begin receiving income. Here at The Financial Retirement Group we realize it’s natural to be concerned about saving enough for retirement – but it’s important to have an income strategy, too.

These days, just saving for retirement isn’t enough. You want your money to grow – and you want to protect it so it’s there when you need it most. We use tools that offer a good choice if you are looking for a balance between a level of protection and growth potential in today’s uncertain market environment. As well as the opportunity to accumulate wealth and lifetime income opportunities with the opportunity for income that can increase throughout your retirement.

Some of Our Company Partners Include






The Benefits of Rolling Your 401(k) Account to an IRA with The Financial Retirement Group:


Advantages

Disadvantages

Roll over your old 401(k) into an IRA with The Financial Retirement Group.

  • Ability to protect your assets and create a guaranteed lifetime stream of income you cannot outlive with optional income guarantees + low fees
  • Investments grow tax-deferred
  • Much wider choice of investments than with your employer
  • You have the ability to maintain your retirement savings along with your other financial accounts, and to have them managed by a single investment professional.
  • Additional contributions are allowed, if eligible.
  • No penalty-free withdrawals prior to age 59½ unless an exception applies (first home purchase, disability, medical expenses, substantially equal periodic payments)
  • No loans permitted
  • May need to liquidate investments in order to fund the IRA

Leave the assets in your former employer's plan

  • Investments grow tax-deferred
  • Loans may be permitted
  • No additional paperwork
  • Potentially increased protection from creditors and legal judgments
  • Investment alternatives may include lower-cost, institutional-class products
  • You may not have the option to protect your 401(k) assets. Nor create a guaranteed lifetime stream of income you cannot out live with optional income guarantees.
  • Limited investment choices
  • Potentially limited access and control
  • Eligibility may lapse
  • Potential administrative fees

Roll over the assets into a new employer's plan

  • Investments grow tax-deferred
  • Loans may be permitted
  • Potentially increased protection from creditors and legal judgments
  • Investment alternatives may include lower-cost, institutional-class products
  • You may not have the option to protect your 401(k) assets.  Nor create a guaranteed lifetime stream of income you cannot outlive with optional income guarantees.
  • Limited investment choices
  • Potentially limited access and control
  • May not be able to join the plan until after a year of service
  • May need to liquidate investments
  • Not all employers provide this option
  • Potential administrative fees

Take a cash distribution

  • Money is immediately available to you
  • You need to pay taxes on your investment
  • Depletes retirement savings
  • Mandatory 20% withholding for federal taxes if under age 59½
  • State and local taxes may also apply
  • Possible 10% penalty if under age 59½

 

One great thing about a 401(k) retirement savings plan is that your assets are often portable when you leave a job. But what should you do with them?  A rollover to an IRA (Individual Retirement Account) is one way to go.

  • The ability to protect your 401(k) assets and create a guaranteed lifetime stream of income you cannot outlive with optional annuity income guarantees. While maintaining low fees on your account.
  • A team of professionals with over 90 years of experience in the investment industry.
  • The opportunity to have our team monitor your old 401(k) savings and incorporate them into your overall retirement plan.
  • An easy process as we guide you through each step.

Protecting your 401(k) assets isn’t just a tool for when you’re switching jobs. It can also be a valuable tool that you cannot outlive, that creates a guaranteed lifetime stream of income, that may accomplish the goals you require as you head into retirement.

Michael Malone
FRG Vice President

Moving your 401(k) into a guaranteed income annuity account is an easy process, and we guide you through each step. Choosing to work with the Financial Retirement Group, and providing our team with the opportunity to monitor your old 401(k) savings and incorporate them with your overall retirement plan, you are choosing a team of professionals with over 90 years of experience in the investment industry.

Ben DiSalle
FRG Vice President

Over the years, we have found that a team approach can be an effective method to help clients who have a wide variety of needs as they maneuver through a complex financial-services world. We believe it has far-reaching benefits for our clients to get opinions from several sources with diverse backgrounds, education, and experience. No one strategy fits everyone, which is why every client gets our undivided attention—from planning to execution to follow-up.

Bob Malone,
FRG Vice President

Do you have questions? If you’d like to uncover strategies that may help you protect your assets and create a guaranteed lifetime stream of income, we can help you take the next step.

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DISCLOSURE: Annuities are insurance contracts that, depending on the contract, may offer a guaranteed annual interest rate and some participation growth, if any. Such contracts have substantial variation in terms, costs of guarantees and features and my cap participation or returns in significant ways. Any guarantees offered are backed by the financial strength of the insurance company, not an outside entity. Investors are cautioned to carefully review an index annuity for its features, costs, risks, and how the variables are calculated.