The question we get most often at Fischer Insurance Agency when it comes to 401Ks and IRAs is: What is a rollover?
Simply put, it’s moving your retirement savings and investments into a comparable 401K, IRA, or Profit-Sharing Plan (PSP). This allows you to keep your investment shielded from taxes and allows it to continue accruing interest.
Of course there are a number of regulations and penalties you need to be made aware of – and information we need to verify – before we can begin the rollover process. But, once verified, the process is relatively straightforward.
Let’s discuss your 401(k) rollover options and your long term investment goals.
Contact Fischer Insurance Agency as soon as possible.