Help with 401k Rollover in Kenosha

Are you looking to make the most of your retirement account? You might be interested in rolling over your 401(k) to an IRA. The experts at T. Heller Financial can help with 401(k) rollover in Kenosha. 

Why Would I Rollover My 401(k)? 

Rolling over your 401(k) to an IRA offers several benefits that can improve your earning potential. Making the right decision on where to rollover your account can also potentially save you tens of thousands of dollars in fees. The Department of Labor claims that even a 1 percent increase in fees could potentially reduce the balance in your retirement account by 28%! You'll want to make sure you make the right choice so it's essential to have the right financial team helping you roll over your 401(k). 

help with 401k rollover in kenosha, financial planner in kenosha, retirement planning in kenoshaWhat is a 401(k) Rollover?

A 401(k) rollover is when the funds held in your old 401(k) plan are transferred to a new 401(k) plan or IRA. According to the IRS, you have 60 days from the date you receive an IRA or retirement plan distribution to roll it over to another plan or IRA. 


Steps Involved in a 401(k) Rollover

1. Decide what kind of account you want - 401(k) or IRA?

2. Decide where you want the money to go - Which financial institution?

3. Open your account and find out how to conduct a rollover - Contact your institution and find out what is needed.

4. Begin the rollover process - Some paperwork and a little back-and-forth.

5. Act quickly - You have 60 days. Don't hesitate!

The expert finance professionals at T. Heller Financial are ready to help you make the best decision for your needs now and in the future! Contact us today for help with 401(k) rollover in Kenosha and all of your financial planning needs!