401k rollover
Account migration option
A 401k rollover is the transfer of retirement funds from one 401k account to another qualified retirement account, typically when changing jobs or retiring.
The rollover preserves the tax-deferred status of the money: She did a 401k rollover into an IRA after leaving the company.
A direct rollover transfers funds between institutions without the account holder taking possession, avoiding tax penalties.
- retirementLeaving the workforce permanently
- golden yearsLater life stage
- IRATax-advantaged retirement fund
- transferMove between locations
- savingsAccumulated money kept
account balance · pension · vesting · employer · portfolio · investments · tax-deferred · tax free · tax penalty · contribution · matching contribution · funds · brokerage · Fidelity · Vanguard · paperwork · beneficiary · nest egg
- retirementretirement, retire, retirement age, retirees, retirement income
- transferstransfer, money transfer, bank transfer, wire transfer, fund transfer
- job transitionjob search, unemployed, laid off, career change, interviewing
- severanceseverance, severance pay, severance package, termination pay, separation pay
- Reinvestmentretained earnings
401k rollover401k withdrawal
Accessing deferred compensation funds
early withdrawal · cash out · account closure · liquidation · cashing in
401k rolloverwithdrawal
Act of taking away
distribution · payroll deduction · disbursement · employer match · payout
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