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Your money. Your future. Your options.

Review your options then call us if you have any questions.
800-842-2252
Weekdays, 8 a.m.-10 p.m. (ET)
 
The table below highlights just a few of the potential advantages and disadvantage of your withdrawal options. Please click on the Detailed Information button to learn more.

Choices
 
Leave your money in your former employer’s plan
Potential Advantages
 
  • Continued opportunity for tax-deferred growth.
  • You may be able to get loans or hardship withdrawals.
Potential Disadvantages
 
  • There may be a limited number of investment options.
  • Managing your assets across multiple plans or accounts could be difficult.
  • RMS will be required for previous employers' plans
Choices
 
Move your money Directly into your new employer’s plan
Potential Advantages
 
  • Continued opportunity for tax-deferred growth.
  • There are no income taxes or penalties with a direct rollover.
Potential Disadvantages
 
  • Your new employer’s plan may not accept rollovers.
  • Your withdrawal options may be limited.
Choices
 
Rollover your money Directly into an IRA
Potential Advantages
 
  • The type of IRA you choose may mean there are no income taxes or penalties.
  • There may be a broader range of investment options.
  • Consolidating money into one IRA can give you a clearer picture of retirement assets.
Potential Disadvantages
 
  • You cannot take a loan from an IRA.
  • Some IRA investments may include trading expenses, such as commissions and fees.
  • There are no penalty-free withdrawals prior to age 59½, though there are some exceptions.
Choices
 
Withdraw your money in cash
Potential Advantages
 
  • You get immediate access to your cash.
Potential Disadvantages
 
  • You may be subject to federal withholding at 20%; state and federal income taxes will be owed at your particular tax bracket.
  • There’s a potential 10% early withdrawal penalty, if you are under age 59½.
  • You could potentially lose tax-deferred, long-term growth.
Detailed Information