Benefits of consolidating retirement accounts

21-Oct-2017 02:10 by 3 Comments

Benefits of consolidating retirement accounts

Roth contributions may only be rolled over from another qualified Plan. Additionally, you may be able to rollover the following eligible retirement plans to your Savings Plus account after you separate.Please note, your Savings Plus 457(b) or 401(k) account must be established 60 days prior to separation from service.

Investors should work with their financial professional to discuss their specific situation.

Contact your previous plan provider for more information.

Peace Officers' and Firefighters' (POFF) Supplemental Plan Extended Service Incentive Program (ESIP) Deferred Retirement Option Plan (DROP) Monetary Credits (from the Judges' Retirement System) There are key factors to consider that will help you evaluate whether you might roll your assets or leave the money where it's currently invested.

Q: What is the smart play on my 457(b) retirement plan, which has a 0,000 balance?

I’m retiring at 54 and wonder if I should roll it over into an IRA or keep it in the 457(b)?

Did you know you can combine your retirement savings into one easy to manage Savings Plus account before and after you retire?

As a Savings Plus participant, you are eligible to rollover your 401(a), 401(k), 403(b), 457(b) or pre-tax IRA into your Savings Plus account.

To learn more about your retirement options, contact your Retirement Specialist.

This material is not a recommendation to buy, sell, hold or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type.

These include: To roll money into Savings Plus, submit a Rollover–In Form.

Your rollover is invested according to your current investment choices. Once you have created your account, submit a Rollover-In Form.

Neither Nationwide nor any of its representatives give legal or tax advice.