Fidelity 401k Rollover Options
If you have lost your job, you are changing jobs, or ready to retire, there are several options to consider. Here are some ideas for Fidelity 401k Rollovers.
You can move your assets into an IRA, roll your assets into a plan with your current employer, keep your assets in your former employer’s plan, or take your distribution in cash. If you cash out your plan, withdrawal penalties will apply.
By bringing all of your 401k and IRA’s together, you can simplify and manage your savings more efficiently.
Consider Fidelity 401k rollovers if you want:
- A clear picture of your financial future.
- No restrictions that may come with having a workplace savings account.
- Access to mutual funds, stocks, bonds, CD’s, and other investments.
- No penalty withdrawal fees for first time home owners, or qualified educational expenses.
- Have the opportunity to convert to a Roth IRA for part, or all of your savings, regardless of your income.
Many employers will match the amount you contribute to 401k plans. If you are not sure if your employer offers this benefit, find out. There is no cost to you, and you will be adding more money to your retirement savings plan.
There are so many people that are unemployed. If you are fortunate enough to be employed in today’s tough job market, you owe it yourself and your family to take advantage of any 401k plan your employer has to offer. This is a great way to plan for your future.
For more information on Fidelity 401k rollover options, contact a rollover specialist at 1-800-FIDELITY. Specialists are available to answer any questions you may have about 401k rollovers. If you are ready to begin the process, call today to get your Fidelity 401k rollover started.