Welcome to Maclean Wealth Planning! Rolling over the assets in your workplace retirement plan to an IRA can be a great move: IRAs typically offer more investment choices while allowing you greater control over your money.
But making a rollover mistake can have a dramatic impact on your retirement. For example, if you personally receive the funds from your 401(k) or other workplace savings plan and fail to move them into a rollover IRA within 60 days, your assets will lose their tax-deferred status; you may also have to pay a penalty of 10% or more.
Clearly, it’s important to handle your hard-earned retirement savings with care.
With a few simple steps, we can have you on the right path and get the process started.
We'll need the following information to open your Rollover IRA:
1. Identifying information ( Social Security number, date of birth, etc)
2. Contact information ( Legal/mailing address, email address, phone number)
3. Employment information, if applicable ( Occupation, employer's name and address)
4. Recent 401k statement
You're now ready to take control of your retirement and rollover your 401(k)
Please contact me directly if you have any questions or would like to start the rollover process.
Eric Maclean, ChFC®, CLU®, AIF®
Investment Advisor Representative
Office: (253) 509-7051
PS: Do you have family members or friends who might benefit from my short, educational e-mails? Just forward Eric Maclean their contact information and we'll add them to Maclean Wealth Planning's distribution list.
Before deciding whether to retain assets in a 401(k) or rollover to an IRA, an investor should consider various factors including but not limited to investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
Start Your Rollover Process