Select Page

Rollover Options

Simplify your savings strategy

Understanding your options

One of the most important decisions you must make when leaving an employer is what to do with any open retirement accounts. Whether it is keeping the account as-is or rolling the funds into a new account, it is important for you to understand all your available options.

What to do with old accounts

You have a few options to consider when it comes time to leave your employer. It all depends on where you are in your financial journey.

  • Leave money in your previous employer’s plan (if permitted). While your earnings remain tax-deferred, you can no longer keep contributing to this account and you must pay close attention to fees. It’s usually more complicated to manage multiple plans from different employers.
  • Rollover your money to your new employer’s plan. Consolidating your accounts helps you grow your savings in one place and it’s a lot easier to manage. Your contributions continue tax-deferred. Click here for help.
  • Rollover your money into an IRA. Your plan can continue growing tax deferred and you normally have access to more investment providers and options. Click here for help.

Additional options

There are several options for your retirement savings and each has pros and cons to consider. Learn more about your retirement savings options by scheduling an appointment with a financial advisor.

Have questions?

Our team of advisors can help you explore which Rollover option is best for you. Click below to find an advisor:

Helpful Resources