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401K Rollover Accounts
Home : Products and Services : Accounts : 401K Rollover Accounts

After leaving an employer, many people fail to make the necessary arrangements for their 401k funds before withdrawing their money, resulting in unnecessary penalties. If you're in-between jobs, layed-off or terminated, or moving to a new job with no retirement plan you may want to rollover your existing 401k account funds into a traditional IRA to avoid taxes and early withdrawal penalties associated with direct cash disbursements. Avoiding this unnecessary additional income tax and keeping your money invested also allows the maximum tax-deferred growth of your 401k retirement funds. (401k rollovers into Roth IRAs cannot be done directly, but funds may be subsequently transferred from a traditional IRA to a Roth IRA.)

Although plan participants can usually leave their existing 401k account in place after gaining new employment, selecting your own retirement plan may provide for more options matching your investment strategies and help you reach your retirement goals. Some people choose a 401k rollover account just for the wide range of investment choices offered, and more control over who is managing their retirement money. If you've worked at multiple jobs and have two or more 401k accounts, you can utilize a rollover to combine them all into a convenient single retirement account.

To get started today, please contact us at 1.866.672.1222, or you can email us at info@afglobal.com.


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