Retirement 401(k) Rollovers
When you leave a job, rather in retirement or pursuing a new job, you may leave behind your day-to-day routine and your coworkers … but in most cases, you shouldn’t leave your 401(k) retirement fund.
Bringing your company-sponsored retirement fund with you is a little more complicated than packing up your personal belongings when you depart your job. This process of moving money from one retirement account into another is called a “rollover” or a 401(k) rollover.
You worked hard for your 401(k) money, now it is time to enjoy your life … and have your money work hard for you.
A big decision is choosing an advisor you have faith in the skill of managing your assets with a goal of minimum volatility, wealth preservation, wealth creation and a focus on performance. This money should grow to keep up with inflation, provide for income without touching the principle so you can live a wonderful life with “Peace of Mind.”
So, how do I set up a 401(k) Rollover?
Step-by-Step Instructions to Rollover your Retirement 401(k):
1Find out the Setup Fees.
There are no fees to set up a 401k Rollover with the custodians of Fidelity Investments or Charles Schwab.
2Establish an IRA Rollover Account.
An IRA Rollover account is required to have a non-taxable transfer of your assets from you 401K account to your IRA Rollover account. You will need this account number for the 401k transfer paperwork from your current employer. Call Gary at (210) 262-9163 or Joe (713) 992-5153.
3Ask For Proposal of Investments.
A simple proposal of stocks, bonds and investments will be provided to you as a starting point. Accounts less than $250,000 will consist of ETFs only; $100,000 minimum account size. Other information on how our firm operates and any questions will be answered. Gary and Joe will answer any questions concerning the portfolio.
4A Simple Management Agreement.
A simple management agreement allows your assets to be managed for a simple quarterly fee. There is no setup fee. The quarterly management fee is based on AUM, Assets Under Management, quoted as an annual fee paid quarterly. No commissions.
5View your Investments at Home.
You are able to monitor your investments from your home computer or mobile device 24 hours a day. You can print monthly custodian statements or daily results anytime. You will receive quarterly performance reports directly from Cantu Tactical Wealth Management.
Other Important Tax Information
An IRA Rollover can grow tax deferred with no taxes until withdrawal.
10% early withdrawal may be imposed prior to age 59-1/2, if there are no exceptions.
Be sure to consider all available options before moving your retirement assets. You may always leave your money in your former employer’s plan, roll it over to another employer, establish a Roth IRA or cash out and pay the tax (not recommended). Please consult with your tax advisor or attorney for these discussions. We do not provide tax or legal advice.