IRA Rollovers
Have you purchased a 401K account through your employer? Are you looking to change jobs or careers in the near future? If so, your 401K may be at risk. You are always welcome to receive a cash payout of your cumulative investment, but this often comes with a large loss of funds due to taxes. In order to keep your retirement plan without cashing it in and losing a significant amount to taxes and early cash-in penalties, one of your options is to do what is called an “IRA Rollover”. IRA rollovers can be very complicated if you don’t know what you’re doing, which is why it is recommended that you not attempt to roll your account over without expert assistance. The IRA specialists at Joe Karsner & Associates can advise you on exactly how to go about rolling your 401K over to an IRA that’s right for you. For more information, give us a call at 410-551-8392.