Consolidation and Rollovers
Did you contribute to a retirement plan through a previous employer? Do you have an IRA at a bank or other investment firm? If you answered "yes" you should consider consolidating your retirement accounts with Edward Jones. Having all of your retirement assets in one place offers benefits, including:
- The ability to see all your retirement information on one statement
- The knowledge that someone is looking out for all of your retirement dollars
- Better ability to diversify your investments
- Simplifying your finances
Rollovers
One way to consolidate is to roll assets from a qualified retirement plan from a previous employer to an IRA at Edward Jones. Often you can do this without paying penalties or taxes. It's an easy process that may only require a signature.
You can roll assets from a previous employer's 401(k), 403(b) or 457(b) plan into an IRA. If you choose to move the money to a traditional IRA, you do not have to pay taxes on the amount you are rolling over. If you roll a 457(b) into an IRA, it becomes subject to IRA rules in force at the time.
You could cash out the plan, but you'll pay taxes and may be subject to penalties. Before making a decision, discuss your options with your Edward Jones financial advisor.
One way to consolidate is to roll assets from a qualified retirement plan from a previous employer to an IRA at Edward Jones. Often you can do this without paying penalties or taxes. It's an easy process that may only require a signature.
You can roll assets from a previous employer's 401(k), 403(b) or 457(b) plan into an IRA. If you choose to move the money to a traditional IRA, you do not have to pay taxes on the amount you are rolling over. If you roll a 457(b) into an IRA, it becomes subject to IRA rules in force at the time.
You could cash out the plan, but you'll pay taxes and may be subject to penalties. Before making a decision, discuss your options with your Edward Jones financial advisor.
Transferring to Edward Jones
Moving all your IRAs to Edward Jones is a simple process. If you have an IRA with another investment firm or local bank, you can transfer it directly into your IRA at Edward Jones, typically without penalty or taxes.
Moving all your IRAs to Edward Jones is a simple process. If you have an IRA with another investment firm or local bank, you can transfer it directly into your IRA at Edward Jones, typically without penalty or taxes.
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