401K Retirement Plan

Are you transitioning into retirement or changing jobs? Find out how to protect and rollover your 401(k) without rollover fees and penalties. Work with Jacobs Financial Services to explore your options to meet your financial goals and retirement dreams.


What is a 401(k) Rollover?

A rollover occurs when you transfer money from an existing account into a new one. This usually happens when you leave your place of employment.


Once you decide to roll over your 401(k), you have 60 days to transfer it to an IRA or another 401(k) place without incurring any withdrawal penalties. Explore your rollover options before receiving your distribution to plan out your retirement.


401(k) Rollover Options

Do you know your rollover options? It can be challenging to find the best solution for your retirement. Here are some basic options to consider if you aren’t ready for a 401(k) distribution:

• Rollover to a new workplace plan

• Retain your current plan

• Convert to an IRA


If you’re transferring jobs and aren’t ready to retire, your new workplace may have a similar 401(k) plan. Transferring your old savings to a new account allows you to continue building your retirement account with tax-deferred growth advantages.


Ask your current employer about keeping your existing retirement plan. Holding onto your existing plan allows you to continue to save for your retirement with the same benefits.


Switching to an IRA opens up your options and allows you to select the types of investments you want.


Work with Jacobs Financial Services to Keep Your Money Safe

As an industry leader in fixed index annuities, Jacobs Financial Services has the resources and expertise you need to make wise financial choices for your retirement. Whether you’re looking to cash in your retirement or shopping around for 401(k) rollover options, contact us today. Speak to one of our qualified financial professionals to plan for the future and navigate your present retirement questions.