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401(k) Rollovers

Rolling Over Your 401(k)\Qualified Plan
There is a lot of noise in the media about rolling over your 401(k), but not a lot of good advice on how to do it. Oak Leaf Wealth Management looks at your entire financial picture when helping you decide how to rollover your 401(k). Depending on the intricacies of your former employer plan and your new one, three different recommendations can be made.

  1. Roll your 401(k) over into an IRA account.
  2. Roll your 401(k) into your new employer’s account (if it is allowed).
  3. Keep your money in your former employer’s plan (if it is allowed).

There is a fourth option, to cash out your 401(k) plan, but because of the high taxes and other penalties, we don’t recommend this option for our clients. We believe that all roads lead to retirement. And if you’re not planning to retire, then you’re planning to not retire.

For further reading, we like the Financial Industry Regulatory Authority's (FINRA’s) smart 401(k) investing tips.

We provide advice on rolling over your 401(k) to all clients and also work with nonclients for a small fee.

Make an appointment to see Jon and Marja.

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