401k Rollovers
Maximize your retirement savings by seamlessly transferring your 401k into a tax-deferred investment strategy. At Freil Financial LLC, we guide business owners through the process of rolling over 401k funds into plans that align with your long-term financial goals, ensuring that your retirement nest egg continues to grow efficiently and securely.
What Is a 401(k) Rollover?
A 401(k) rollover is the process of transferring your retirement funds from your current employer's 401(k) plan to a new retirement account, such as an individual retirement account, also known as an IRA, or another employer's 401(k) plan. By rolling over your funds, you can avoid penalties and taxes that may occur if you withdraw the money early or leave it in the current plan. Having all of your retirement funds together in a single place also streamlines your ability to track your retirement savings and ensure that you’re making the right decisions for your future.
BENEFITS OF A 401(K) ROLLOVER
When you work with our team to rollover your retirement funds in your 401(k), you’ll enjoy benefits that include:
More control over your retirement savings
When you roll over your funds, you can choose where to invest them and have more control over how your money is managed.
Simplified retirement planning
Consolidating your retirement funds into one account can make it easier to manage your savings and track your progress toward your retirement goals.
Avoid penalties & taxes
If you withdraw your funds early from your current employer's 401(k) plan, you may be subject to penalties and taxes. Rolling over your funds can help you avoid these fees.