There are a number of situations where it makes sense to roll your old 401(k) assets into an IRA.
- You recently left or lost a job and don't know what to do with your old 401(k).
- 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.
While it takes no effort to leave your old 401(k) where it is, every day you don't roll it over into an IRA you are missing out on a number of benefits:
T. Rowe Price offers top-ranked Investment Guidance Specialists who will help you through every step of the rollover process, from contacting your former employer to highlighting the funds that are right for you.
Did you know? Our investment guidance specialists do not earn commissions or impose sales charges.
Call our Investment Guidance Specialists today.
Enjoy a wider range of investment options that allow you to diversify your portfolio in the way that will make you feel most comfortable. T. Rowe Price offers over 90 no-load funds.
Did you know? 75% of our funds beat their 10-year Lipper average for the period ended 6/30/10. 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 impact on your retirement savings.
1Based on cumulative total return, 105 of 171 (61%), 129 of 158, 115 of 134, and 63 of 83 T. Rowe Price funds (including all share classes and excluding funds used in insurance products) outperformed their Lipper averages for the 1-, 3-, 5-, and 10-year periods ended 6/30/10, 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.
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