401(k) Rollover

What Are Your Options for Your 401(k) Plan Assets When You Change Jobs?

When changing jobs, you generally have four options for your 401(k) plan assets: leave the money in your old employer's plan; move it directly into the comparable Roth or traditional account in your new employer's plan; roll it directly or indirectly into a comparable Roth or traditional IRA; or take a cash, or "lump-sum," distribution. Certain of these options may result in sizable tax bills, while others could limit your investment choice and control. More importantly, different options can have dramatically different effects on your retirement savings.

In addition to the rollover alternatives, you may also be able to convert traditional retirement assets to a Roth account. However, the option to convert would involve additional considerations that could not be readily addressed in a tool such as this, so you should weigh that possibility separately.

To see the potential effects of the rollover options on your current and future retirement savings, answer the following questions, and then click Submit. After you review the results, be sure to consult your tax professional about your situation before you act.




What is your current plan balance?

$

What is your current age?


  1. 14
  2. 35
  3. 56
  4. 78
  5. 99

Value:  

At what age do you plan to retire?


  1. 55
  2. 60
  3. 65
  4. 70
  5. 75

Value:  

Which approximate annual rate of return do you expect to earn on your investments?


What is your federal income tax rate?


If your income is subject to state taxes, enter your state income tax rate.

%