Retirement

Review your retirement plan rollover choices
There are advantages and disadvantages to rolling over your assets into an IRA. See below to help determine if rolling over is right for you.

Your investments will remain tax-deferred until you withdraw them
You will have access to a wide range of investments, including mutual funds, ETFs, stocks, bonds, options and more
You will have access to a wide range of tools, resources, and services
You may have the flexibility to convert to a Roth IRA
You may still have the option to move assets to a future employer’s plan later
You may be able to take penalty-free withdrawals prior to age 59½ in special circumstances (such as higher education expenses, health insurance premiums or a first-time home purchase)

Your investment plan choices may include low-cost, institutional-class products
Your total costs may be lower than other alternatives
Your investments will remain tax-deferred until you withdraw them
You may be able to take loans against your account
You may not have to take any action or complete additional paperwork
You may be able to take penalty-free withdrawals if you left your old employer between age 55 and 59
Your retirement plan balances may be protected from creditors and legal judgements under federal law
You may still be able to roll over to a future employer's plan later
You would still have access to investor education, guidance and planning provided to plan participants
The investment choices on your plan menu were selected by a plan fiduciary

Your investment choices would be limited to those in the plan
Your former employer may pass certain plan administration or recordkeeping fees through to you
Even though you would still participate in the plan, you would not be able to contribute any new funds
Managing your investments among multiple accounts can be a lot of work

Your total costs may be lower than other alternatives
Your investments will remain tax-deferred until you withdraw them
You may be able to take loans against your account
You may be able to take penalty-free withdrawals if you leave your new employer between age 55 and 59
Your retirement plan balances may be protected from creditors and legal judgements under federal law
Your plan investment choices may include low-cost, institutional-class products
You may have access to investor education, guidance and planning that your new employer provides to plan participants
The investment choices on your plan menu were selected by a plan fiduciary
If you roll over to a new employer's plan you may not have to take required minimum distributions (RMDs) if you decide to keep working

Your investment choices would be limited to those in the plan
Your new employer may pass certain plan administration or recordkeeping fees through to you
You may be required to complete paperwork to have your assets moved over
If you hold appreciated employer stock in your former employer's plan account, there may be tax consequences. You should consult with a tax advisor.

Your money (after any taxes and applicable penalties) will be immediately available to you

Your retirement savings will be depleted
The amount that you cash out will be subject to mandatory 20% withholding for federal taxes if under age 59½
Your distribution will be subject to applicable federal, state and local taxes
You may be subject to a 10% penalty if you are under age 59½