A leader in retirement transition and Individual Retirement Account (IRA) rollover strategies.

Rolling over your 401(k) helps enable you to gain maximum control over your retirement funds.

If you have a 401(k) retirement savings plan, you have accumulated tax deferred savings for retirement. In most cases you will want to roll over your 401(k) into an IRA or a Roth IRA. Your employer may even require you to do this when you retire. Rolling over your 401(k) helps enable you to gain maximum control over your retirement funds and is an effective way to keep your money accumulating tax deferred.

An IRA can be tailored to your particular needs and goals and can incorporate a variety of investment vehicles, while many employer-sponsored retirement plans have a limited number of options available. In addition, an IRA rollover allows for tax-deferred retirement savings from multiple employers to be consolidated.

To preserve the tax-deferred status of retirement savings, the funds must be deposited in the IRA within 60 days of withdrawal from the employer's plan. To avoid potential penalties and a 20% federal income tax withholding from your former employer, you should arrange for a direct, institution-to-institution transfer. Fidelity Capital Management can assist you with the rollover and make sure it is completed in a timely manner.

401k rollovers may make it easier to manage your retirement savings by consolidating your holdings in one place. This can help cut down on paperwork and give you greater control over the management of your retirement assets

The professionals at Fidelity Capital Management can explain the process and the benefits of a 401(k) rollover and advise you about your options.

401(k) Rollover: Your choices; Your options

There are many options to choose from when thinking about how to invest your 401(k) savings. You should consider your overall retirement strategy, how you will maintain tax efficiency, how best to grow and protect your assets, and what type of investment products will best meet your needs in the future. Depending on your goals, you may want to consider an IRA product that enables you to invest in stocks, bonds, mutual funds, money market accounts or something else. Than, when ready to take distributions from your plan after the age of 59 1/2, we can set up a monthly or quarterly schedule for the distributions to be deposited directly into you checking or savings account.

Thinking about a 401(k) rollover? Call now to schedule a complimentary consultation to review your financial goals and discuss retirement strategies including rolling over your 401(k). Call: 941-706-5564


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