401(k) Rollover to IRA
Woodlands Portfolio Management makes rolling over an old retirement savings plan from a former employer easy for you.
Account features
| May be appropriate for |
Individuals who have changed jobs or retired and have left savings in a former employer’s workplace savings plan (i.e., 401(k), 403(b), governmental 457(b))1 |
| Advantages over a workplace plan |
Freedom from restrictions that may be present in your workplace savings planThe ability to withdraw penalty-free for a first-time home purchase or qualified education expenses
Access to a wide range of mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs |
| Tax benefits | A Rollover IRA is a type of Traditional IRA with the same tax benefits—potential tax-deferred growth of savings. |
| Withdrawals | 10% early withdrawal penalty may apply for withdrawals taken prior to age 59½ if no exceptions apply.Minimum required distributions starting at age 70½ |
| Support and guidance | One-on-one guidance—in person, online, or over the phoneResearch and tools to help you create a long-term plan and choose investments |
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