401k Rollover

Handling a 401(k) when changing jobs or retiring requires careful planning. A 401(k) rollover is the process of transferring your retirement savings to another qualified account, often an Individual Retirement Account (IRA) or a new employer’s 401(k). At Roderick Green – Avani Financial Services, we make this process straightforward and beneficial, helping you preserve your savings, access new investment opportunities, and avoid unnecessary tax consequences.

Rolling over your 401(k) offers distinct advantages, including a wider selection of investment choices if you choose an IRA rollover. Traditional 401(k)s often limit your options, but with an IRA, you have more flexibility to diversify according to your goals and risk tolerance, potentially enhancing your long-term returns. Additionally, consolidating retirement funds under one account streamlines your finances, making it easier to track and manage your retirement portfolio.

We’ll guide you through the different rollover options, such as direct rollovers—which directly transfer funds to the new account without triggering tax penalties—and indirect rollovers, which require you to handle the funds temporarily and may have tax implications if not completed within 60 days. Our team will also explain Roth conversion options, which can help you diversify your retirement tax strategy. At Roderick Green – Avani Financial Services, our goal is to help you protect and grow your savings while planning for a comfortable retirement. With our assistance, you can transition your 401(k) smoothly and make the most of your retirement assets.