3 Best Options to Rollover your 401k After Retirement

3 Best Options to Rollover your 401k After Retirement:

After retirement, you’ll need to decide whether or not to rollover your 401(k) to an IRA. Once you are no longer with a specific company, it might be a good idea to move your money to an account that is not tied to your former employer.

  1. If you want you can leave your 401k with your employer but some employers invest the 401(k) in their stock. Once you leave your employer, you may not want to be invested in that company anymore.
  2. You can start an online IRA and move your 401(k) into it after retirement to be able to manage it on your own or if you don’t feel confident hire a financial adviser to help you invest. The adviser could be helpful if you need assistance with your retirement investment. Most 401(k) plans have restrictions and limited investment choices. If you roll your account into an individual IRA you’ll typically have the whole range of investment options available to you. Don’t settle for investment restrictions once you’re no longer an employee. Gain total control of your investments.If you frequently change jobs you may find that you have several 401(k) accounts in many different places. It’s much easier to manage your investments if they are all in one IRA instead of many 401(k)s. A single IRA also makes it much easier to reallocate your investments when needed. Consolidating your 401(k)s will not only simplify your life, but your heirs as well.
  3. Build Your Own Personal Pension With an Annuity: billions of dollars of IRA and 401k money are going into a product called an Indexed Annuity with an Income Rider. Fixed Index Annuities provide full protection of principal; index gains are permanently locked in when the index option expires; can potentially provide better rates than CDs; with attached income riders, FIAs are an efficient way to contractually plan for future income needs; and some income riders also offer confinement-care type benefits, which can be used as a supplement to traditional long-term care coverage.

Best 401k Rollover after Retirement

Developing a savvy strategy to pull money out your retirement accounts — without paying any more in taxes and penalties than is absolutely necessary – depends on the guidance of an adviser who adheres to a high fiduciary standard, and has the credentials and expertise to turn your years of sacrifice into a lifetime of financial security.

Whether you leave your 401(k) where it is or you move it into an IRA or an Annuity, make sure that you’re assessing which retirement plan will serve you best.

Need a Financial Advisor to help with your 401k Rollover?

If you need help to find the best option to rollover your 401k contact us at


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