Should I Rollover My Dormant 401(k)? [New for 2022]
401(k)s and IRAs have many unique features for individuals that can make it hard to know if a 401k rollover makes sense for you.
This FREE flowchart covers 32 important planning issues to consider when making the decision to rollover your 401(k) or keep it where it is. The flowchart covers many 401(k) rollover issues including:
IRA and 401(k) features and differences
Issues involving Net Unrealized Appreciation
Age based distribution options
Taxes and penalties in an IRA vs 401(k)
Impact of a 401(k) loan if a rollover occurs
Disclosures: Covenant Wealth Advisors is a fully independent, fee-only wealth management firm and registered investment advisor located in Richmond and Williamsburg, VA. We are a fiduciary. This means we must always put client interests ahead of our own. We are also a fee-only firm. This means we never receive commissions or third party payments and are only compensated by our clients for advice.
Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.The views and opinions expressed in this content as of the date of the posting, are subject to change based on market and other conditions. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like accounting, tax or legal advice, you should consult with your own accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by Covenant Wealth Advisors unless a client service agreement is in place.
Copyright © 2020 Covenant Wealth Advisors, All rights reserved. Investment advisory and financial planning services provided by Covenant Wealth Advisors, a registered investment advisor.