Retirement Plans
IRAs; SEPs

Rollover Planning

If you are leaving your current place of employment, you will soon be faced with what to do with the savings in your 401(k), 403(b), or another qualified retirement plan.  Like many Americans, it may be your largest asset.  A Rollover IRA offers you an easy way to transition your wealth and keep it growing tax deferred.

Consider the tax consequences of taking the cash

Although it may be tempting to take your retirement plan distribution in cash, you'll lose a large chunk of it to taxes, especially if you're under age 59 1/2.  For example, if you're age 53, in a 27% tax bracket, and live in a state with a 5% tax, you'd lose more than 40% of a $50,000 distribution to taxes and a 10% federal tax penalty.

Benefits of the Rollover IRA
Take a look at a few key benefits of a Rollover IRA and how it can help you stay in control of your retirement savings.

• Tax-deferred investing
• An income stream during retirement
• Easy access to assets
• A broad range of investment choices
• The ability to consolidate retirement assets

A Rollover IRA lets you control how your money is invested and preserves the tax-deferred treatment of your money.  It is important to create a well-diversified investment portfolio that is aligned with your retirement goals and tolerance for risk.

Beware of Pitfalls
If you have to make a quick decision about the savings you have accumulated in an employer's plan, a rollover pitfall might catch you off-guard.  Your options normally include:

• Cashing out
• Leaving your savings with your former employer
• Rolling your savings into a new employer's plan
• Rolling your savings into an IRA

View more information about the IRA and Retirement Planning Services available through Janney Montgomery Scott LLC.

A retirement advisor can be extremely helpful in these matters.  Please read about finding a Financial Consultant for further guidance.

We know you're thinking about your retirement.

So are we.

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