Your money. Your future. Your options.

Choices

Leave your money in your former employer's plan

Potential Advantages

• Continued opportunity for tax-deferred growth.
• You may be able to get loans or hardship withdrawals.

Potential Disadvantages

• There may be a limited number of investment options.
• Managing your assets across multiple plans or accounts could be difficult.
• RMD will be required for previous employers' plans

Choices

Move your money Directly into your new employer's plan

Potential Advantages

• Continued opportunity for tax-deferred growth.
• There are no income taxes or penalties with a direct rollover.

Potential Disadvantages

• Your new employer's plan may not accept rollovers.
• Your withdrawal options may be limited.

Choices

Rollover your money Directly into an IRA

Potential Advantages

• The type of IRA you choose may mean there are no income taxes or penalties.
• There may be a broader range of investment options.
• Consolidating money into one IRA can give you a clearer picture of retirement assets.
  

Potential Disadvantages

• You cannot take a loan from an IRA.
• Some IRA investments may include trading expenses, such as commissions and fees.
• There are no penalty-free withdrawals prior to age 59½, though there are some exceptions.

Choices

Withdraw your money in cash

Potential Advantages

• You get immediate access to your cash.

Potential Disadvantages

• You may be subject to federal withholding at 20%; state and federal income taxes will be owed at your particular tax bracket.
• There's a potential 10% early withdrawal penalty, if you are under age 59½.
• You could potentially lose tax-deferred, long-term growth.