Rollovers

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Corbett Gilliam

Generally, after a person leaves the employ of a company, they are given the option to roll their 401K or other plans into a new company's plans, if available, or into a Rollover IRA.

Frequently, the choice is made to roll into an IRA because of the flexibility and vast array of investment choices available. Once in an IRA, the owner is no longer restricted to the investment choices offered by their employer plan, nor is the participant subject to any potential future restrictions imposed by the new employer, if any.cash loans

Most retirement plans can be easily rolled into either a variety of mutual funds, stocks, bonds or into either a Fixed IRA annuity or an Indexed IRA annuity or a variable annuity.

However, there may be some costs to do this. There may be other ongoing costs that should be considered as well. There may be surrender charges when you want to move

some or part of your money as well. Check with your Financial Advisor and read the prospectus regarding any investments you might be considering.

What are your OPTIONS when doing a ROLLOVER?

• Move or rollover, all or PART, of your 401k into one, or more IRA's.
• Move or rollover, all or PART, of your 401k into one, or more companies and multiple IRA's..
• Move or rollover, all or PART, of your 401k into one or more IRA mutual funds and/or IRA annuities.,
• Move or rollover, all or PART, of your 401k into stocks within an IRA account.

However, one should not that most 401k plan administrators do NOT allow partial rollovers. It's all or nothing in most cases. However, there are other ways to move retirement money into various investing opportunities.