There are a number of situations where it makes sense to roll your old 401(k) assets into an IRA.
- You have multiple 401(k) plans from previous jobs.
- Your previous 401(k) isn't performing to its potential.
- Your previous 401(k) is overly dependent on one company.
Although you can leave your old 401(k) where it is, every day you don't assess your 401(k) rollover options, you are missing out on a number of possible benefits.
GUIDANCE THROUGH THE ROLLOVER IRA PROCESS
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GAIN FREEDOM WITH MORE 401(K) ROLLOVER OPTIONS
Did you know? Over 75% of our funds beat their 10-year Lipper average for the period ended 12/31/13. Results will vary for other periods. Past performance cannot guarantee future results. All funds are subject to market risk, including possible loss of principal.1
You may need access to cash immediately but don't want to cash out all of your retirement savings. A Rollover IRA allows you to take a full or partial IRA distribution at any time.2
Did you know? Taking a cash distribution may have a long-term effect on your retirement savings.
1Based on cumulative total return, 135 of 189 (71%), 135 of 177, 129 of 168, and 101 of 123 T. Rowe Price funds (including all share classes and excluding funds used in insurance products) outperformed their Lipper average for the 1-, 3-, 5-, and 10-year periods ended 12/31/13, respectively. Not all funds outperformed for all periods. (Source for data: Lipper Inc.)
2You may take a withdrawal from your IRA at any time. However, a withdrawal from a Rollover IRA will generally be taxable as ordinary income. Additionally, the taxable portion of a withdrawal may be subject to an additional 10% early distribution penalty assessed by the IRS.