Rollover Individual Retirement Accounts (IRA)
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Navigating Life's Changes
People change jobs for a variety of reasons, and navigating this transition can be difficult. The fact is, when you leave work–for whatever reason–you have a decision to make about your hard-earned retirement savings.
Generally speaking, you have four options to choose from:
1. Roll your assets to an Individual Retirement Account (IRA).
2. Leave your assets in your former employer's plan.
3. Roll your assets to your new employer's plan.
4. Cash out your retirement savings plan.
Decisions you make now can have an impact on your long-term retirement goals, so take time to carefully review your options.
Rollovers and transfers may be subject to differences in features and expenses. Indirect transfers may be subject to taxation and penalties. Consult your tax advisor regarding your situation.
Changing jobs or retiring and looking to simplify your accounts?
Consider rolling your accounts over into a Transamerica IRA.
In addition to potentially avoiding the taxes and/or penalties that come from withdrawing your retirement savings, by opening an IRA with us you will gain access to our team of retirement counselors, for no additional fee, who can help you establish a savings and investment strategy that fits you.
And, best of all, it's quick and easy.
Learn more about the Transamerica IRA
Employer-sponsored retirement plans may have features that you may find beneficial such as access to institutional funds, fiduciary selected investments, and other ERISA protections not afforded other investors. In deciding whether to do a rollover from a retirement plan, be sure to consider whether the asset transfer changes any features or benefits that may be important to you. Review the fees and expenses you pay to see if rolling over into an IRA could help reduce your costs.
Securities offered by Transamerica Investors Securities Corporation (TISC), 440 Mamaroneck Avenue, Harrison, NY 10528. TISC and Transamerica Retirement Solutions are affiliated companies.
Benefits of a Transamerica IRA
Rolling over your 401(k) or 403(b) into an IRA allows you to take control of your own retirement savings while any investment gains in your account remain tax-deferred until you withdraw the money or reach age 70 1/2 (whichever is sooner). You will enjoy the convenience you’re used to along with additional choices and counseling when you roll over your employer-sponsored retirement savings to the Transamerica IRA.
Roll over existing accounts or set up a new Transamerica IRA
Have money with a former employer? Consolidation might benefit you.
Consolidation can help you:
- Track all your retirement savings, with less paperwork in less time.
- Simplify investment decisions and management with a single strategy in mind.
- Organize distributions when it's time to start thinking about income.
If you are interesting in transferring money from a former employer plan or IRA into your current retirement savings account at Transamerica, call us at 800-275-8714, 9:00 a.m. to 7:00 p.m. ET, Monday through Friday, and ask to speak to a consolidation specialist.
The role of the transfer specialist is to assist you with your savings and investment plan. There are no fees or commissions for meeting with a transfer specialist, who is a registered representative with Transamerica Investors Securities Corporation (TISC), 440 Mamaroneck Avenue, Harrison, NY 10528. TISC and Transamerica Retirement Solutions are affiliated companies.
Review the fees and expenses you pay, including any charges associated with transferring your account, to see if rolling over into an IRA or consolidating your accounts could help reduce your costs. Employer-sponsored retirement plans may have features that you may find beneficial such as access to institutional funds, fiduciary-selected investments, and other ERISA protections not afforded other investors. In deciding whether to do a transfer from a retirement plan, be sure to consider whether the asset transfer changes any features or benefits that may be important to you.
Call us today at 866-300-0028, 9:00 a.m. to 6:30 p.m. ET, Monday through Friday, and let a retirement counselor answer your questions, discuss your needs, and help you be healthy and wealthy.
Or, contact us online