Talk with a
Retirement Specialist

Job Transitions

Many people change jobs every few years, and some change every 13 months. All this moving can leave you with retirement accounts in multiple locations.

Transferring or rolling over a 401(k) account from your previous employer to a new account could make good financial sense for you and make your investments easier to manage.

It's Your Money and Your Option

  1. Move your money to an IRA.
    Your first option is to roll your money over to an IRA. You’ll find IRAs usually tend to offer more options than a 401(k) plan. Additionally, you will be able to consolidate all your retirement savings in one place, making it easier to manage.

    Learn more about IRAs

  2. Leave your money in your former employer's 401(k) plan.
    Keep your savings in place if your past employer’s 401(k) plan has good investment options and doesn't charge a fee to remain in the plan. Contact that plan's administrator for details.

  3. Roll over to your new employer's 401(k) plan.
    If you have access to a new retirement plan with good investment options and low fees, roll your money into that plan.

  4. Withdraw your retirement savings.
    Although it is possible to take money out of your old plan, don't dip into your retirement funds unless you have no other options. You'll pay income tax and a 10% early-withdrawal penalty if you're under age 59 ½. If you have a Roth 401(k), only your earnings will be subject to tax and penalty.

    If you decide to roll over an old account into your new plan, call us at 800-228-8076 to get started.

Get Assistance

By Phone

Call us at 800-228-8076, press option 0 then #.
Retirement Specialists are available Monday through Friday
from 8 am to 8 pm ET.

lock icon


New To PlanTrac?

Contact Us

  • Call 800-228-8076


More search options