When you leave a job or retire, you have a decision to make regarding your 401(k) money. While leaving those assets in the former employer's plan is an option, a rollover can also be a consideration. Working with your tax advisor, we can help determine the right course of action for you. HIPac Financial will layout the advantages and disadvantages of your options while accounting for your specific needs, retirement plans, desired investment options, applicable fees, withdrawal options, required minimum distributions and tax treatment of applicable options.
Neither New York Life Insurance Company nor its agents offer tax advice. When considering rolling over the proceeds from your retirement plan to another tax-qualified vehicle, note that you have options, including leaving the funds in your existing plan or rolling it over to a new employer's plan. Depending on the option you select, there may be fees, expenses, and taxes upon withdrawal. Please consult a tax advisor before withdrawing funds.