IRA & 401K Rollovers

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

  • Leave the money where it is;
  • Take the cash (and pay income taxes and perhaps a 10% federal tax penalty if you are younger than age 591/2);
  • Transfer the money to another employer plan (if the plan allows); or
  • 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. At Heise Advisory Group, we can help determine if a rollover is the right move for you and if so, we can help find the best vehicle to conserve and grow your rollover assets.

Kirkwood Des Peres Area Chamber of Commerce
International Association for Registered Financial Planners