Changing or leaving a job can be an emotional time. You’re probably excited about a new opportunity and nervous too. And if you’re retiring, the same can be said. As you say goodbye to your workplace, don’t forget about your 401(k) or 403(b) with that employer. You have several options and it’s an important decision.
There are four options for an old 401(k): Keep it with your old employer, roll over the money into an IRA, roll over into a new employer’s plan, or cash out.
Make an informed decision: Find out your 401(k) rules, compare fees and expenses, and consider any potential tax impact. Checking with your tax professional is important.
Because your 401(k) may be a big chunk of your retirement savings, it’s important to weigh the pros and cons of your options and find the one that makes sense for you.
When it comes to deciding what to do with an old 401(k), there may be factors that could be unique to your situation. That means the best choice will be different for everyone. If you find it confusing or overwhelming, speak with a financial professional to help with the decision.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA(Opens in a new Window)/SIPC(Opens in a new Window)).
Insurance products are offered through LPL or its licensed affiliates. United Southern Bank and USB Investment Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using USB Investment Management and may also be employees of United Southern Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, United Southern Bank or USB Investment Management.
Securities and insurance offered through LPL or its affiliates are:
|Not Insured by FDIC or Any Other Government Agency||Not Bank Guaranteed||Not Bank Deposits or Obligations||May Lose Value|
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Contact Our Team!
USB Investment Management team is ready to serve you in many different ways. Contact us today!
We have broad investment expertise in managing diversified portfolios and recommending direct investments, where appropriate.
Our Investment Planning service is based on these simple facts: Market timing doesn’t work! Creating and preserving wealth needs diversification!
For our clients, retirement planning doesn’t start at retirement. It starts much before! Our Retirement Planning service takes a long-term view of your financial wellbeing.