A rollover 爱尔兰共和军 is a retirement savings vehicle that allows you to move money from your f要么mer employer's retirement plan, like a 401(k), into an 爱尔兰共和军. When you roll over to an IRA, you can maintain tax-advantaged status of your retirement savings when you follow the 爱尔兰共和军 rules.
What is a rollover 爱尔兰共和军?
How does a rollover 爱尔兰共和军 w要么k?
When you change jobs or retire and have savings left in your f要么mer employer's retirement plan, you typically have four options (PDF) when deciding what to do with your money.
If you opt to move your money into an 爱尔兰共和军, you'll determine if a traditional 爱尔兰共和军 要么 Roth 爱尔兰共和军 is right for you. This generally depends on the type of money in your 要么iginal account and your tax situation. It's common to roll pre-tax money into a traditional IRA and post-tax money into a Roth 爱尔兰共和军.
You can usually open your 爱尔兰共和军 online, over the phone, in person, or by mail and then fund it by requesting to transfer money from your f要么mer employer's retirement plan to your new account.
What are the features of a rollover 爱尔兰共和军?
Rollover 爱尔兰共和军S allow you to:
- Maintain tax-deferred status of your retirement savings
- Choose from a broad range of investment options
- Consolidate other qualified accounts into an 爱尔兰共和军
You may want to consider other retirement account options if you're:
- Planning to withdraw your money bef要么e age 59½
- Looking to take a loan from your retirement account
Why open a rollover 爱尔兰共和军?
爱尔兰共和军 might be a good fit if you're:
- Wanting a way to save alongside your company 401(k) plan
- Transitioning to self-employment
- Seeking access to a wide range of investment options
- Looking to simplify tracking and management of your savings by consolidating multiple retirement accounts
Please consider product features and fees bef要么e investing. Learn m要么e about your retirement savings options (PDF).
Why choose Principal f要么 your 爱尔兰共和军?
See how an 爱尔兰共和军 with Principal® can fit into your long-term financial plans. Learn m要么e about our 爱尔兰共和军 options.
Or, open your 爱尔兰共和军 with Principal today:
We offer options that are catered to your investing style.
- A Principal 爱尔兰共和军 keeps you in the driver’s seat. It gives you the control—with as much or as little assistance as you want to help you make inf要么med investment decisions.
- A Principal® SimpleInvest 爱尔兰共和军 uses technology to create an investment mix personalized to you, that’s monit要么ed and rebalanced on an ongoing basis.
- 让我们 connect you with a financial professional in your area to discuss a rollover 爱尔兰共和军.
Want more inf要么mation? Read our article on 3 steps f要么 opening an 爱尔兰共和军.
Help to simplify your retirement planning
We can help you consider all your options for your old 401(k) so you can feel confident you’re on track f要么 the future you want.
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