Know Your Options
If you are no longer employed where your 401k is sponsored, there are several options to be aware of.
KEEP YOUR 401k IN TACT
DO A ROLLOVER
Keep your 401k in tact
Although you are no longer employed where your 401k is sponsored, your funds can stay in the 401k plan which will allow your funds the
opportunity to keep preparing you for retirement.
Continual access to your online account
Ability to still pick your investments
Unlimited transfers from one fund to another
Open a Self-Directed account to trade stocks*
Same exceptional Leverage team customer service
*PCRA Self-Directed accounts are only available for specific plans. Contact us today to see if yours qualifies
**Please note, additional funds cannot be added to your 401k account
Do a rollover
Whether your new employer offers retirement saving benefits or you choose to establish an IRA, a rollover allows you to keep saving while
keeping the tax deferred benefits you have already received.
Avoid paying income taxes
Avoid early withdrawal penalties by the IRS
Keep putting money towards your retirement
Move your funds to be managed by a trusted financial advisor
*TIP: Look at your new 401k and / or IRA investment options to make sure it has the investments you desire.
You will also want to be sure your new plan has low fees like us!
You are entitled to the vested portion of your funds and have the option of cashing out.
Choose to receive payment as a check or via direct deposit
A minimum 20% federal tax withholding is required by the IRS
An additional early withdrawal penalty may apply for those under the age of 59 1/2