Bill Losey - America's Retirement Strategist Bill Losey Retirement Solutions, LLC Bill Losey Retirement Solutions, LLC
    
   
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IRA Rollover Helpline

"Call my IRA Rollover Helpline, toll-free at 1-866-786-2521.
I'll handle all the messy, complicated paperwork and rollover
your retirement plan money quickly and easily."

WHAT WILL YOU DO WITH YOUR RETIREMENT PLAN MONEY?

Your 401(k), 403(b), 457 plan, Tax-Sheltered Annuity (TSA) or pension plan represents a critical peice of your financial future.  And whether you're changing jobs, quitting, being layed off, retiring or ready to receive a lump sum from your former employer, when and how to take this distribution is a critical decision and one that canít be changed once it has been made.  It's an irrevocable decision with your life savings at stake so itís important that you donít make the choice by the seat of your pants, on your own, or limit your advice to a friend or an employee in the HR department.

Typically, when you're in transition, you have 4 basic options to consider when deciding what to do with your retirement account savings. Here they are...
 
OPTION 1TAKE YOUR SAVINGS IN CASH

Pros
  • Immediate access to a portion of your money

Cons

  • Your savings no longer grow tax-deferred
  • A 10% early withdrawal penalty generally applies to people under age 59.5
  • You will be subject to all applicable federal, state, and local taxes
  • Without compound growth, you may compromise your wealth in retirement
  • The distribution may push you into a higher tax bracket

OPTION 2: ROLL YOUR SAVINGS INTO AN IRA

Pros

  • Money continues to grow tax-deferred
  • You avoid the 10% early withdrawal penalty if under age 59.5
  • Additional investment options may be available
  • You control how to access your savings
  • You have the potential to convert assets to a Roth IRA in the future
  • You have the potential to move IRA Rollover assets into a future employers plan

Cons

  • Mandatory distributions are required at age 70.5
  • Additional paperwork is required to create and transfer your money

Note:  The choice is obvious, yet the procedure - usually called an IRA Rollover or Trustee-to-Trustee transfer - is intricate.  I perform these rollovers regularly*.

"Call my IRA Rollover Helpline, toll-free at 1-866-786-2521.
I'll handle all the messy, complicated paperwork and rollover
your retirement plan money quickly and easily."

OPTION 3KEEP YOUR MONEY IN YOUR PREVIOUS EMPLOYER'S RETIREMENT PLAN, IF ALLOWED

Pros

  • Money continues to grow tax-deferred
  • Avoid the 10% early withdrawal penalty if under age 59.5
  • Little or no additional paperwork
  • Asset allocation strategy remains intact
  • May allow you to withdraw money without penalty under certain circumstances

Cons

  • Lack of control
  • Plan may place limitations on inactive or retired participant accounts
  • Investment options limited to those offered in plan
  • Withdrawals and distributions are subject to plan provisions
  • Company may be acquired and/or change its plan in the future
OPTION 4MOVE YOUR MONEY INTO YOUR NEW EMPLOYER'S RETIREMENT PLAN, IF ALLOWED

Pros

  • Money continues to grow tax-deferred
  • Avoid the 10% early withdrawal penalty if under age 59.5
  • New plan may allow loans
  • Investment options and features may improve compared to old plan
  • Retirement assets are consolidated with one provider

Cons

  • New plan may have higher fees that the old plan
  • Investment options are limited to those offered in the plan
  • Withdrawals and distributions are subject to plan provisions

*Call my IRA Rollover Helpline, toll-free at 1-866-786-2521.

THE BOTTOM-LINE

When your hard-earned dollars are at stake, you need objective advice from someone with rollover experience and thatís where my IRA Rollover Helpline comes in. 

I will personally help you evaluate your options so youíre educated and informed, and your choice is clear and correct. And if you choose to rollover your money to an IRA: 

  • I'll contact your employer and obtain the required paperwork
  • I'll help you complete it correctly
  • I'll notarize it, if necessary
  • I'll ship the paperwork via overnight courier and track the progress
  • I'll keep you informed throughout the process
  • I'll help you avoid IRS penalties & unnecessary taxes

Call me today at 1-866-786-2521 or click here to get started.

                                                                                        
Bill Losey Retirement Solutions, LLC