There are certain income and other eligibility limitations that may impact you. It is important to review this information before making a decision.
People change jobs for a variety of reasons, and navigating these transitions can be challenging. When you leave work – for whatever reason – you have a decision to make about the money in your retirement plan. Generally, you have four main options to choose from.
Some high-net-worth individuals have assets in traditional IRAs and 401(k) plans that they no longer need to fund their own retirement. In many cases, converting to a Roth IRA may potentially allow you to leave your heirs a larger tax-free legacy.
Single? Married filing jointly? This is your at-a-glance resource for current year tax rates for you and your family. It has up-to-date contribution limits, Social Security retirement ages, and required minimum distribution details.