In-Service Distribution
Anxious about the markets? Freaking out a little when you look at your 401k or company retirement plan? I can help!
If you're 59 1/2 or older, most company-sponsored retirement programs (like 401k's) allow you to do an in-service distribution. This allows you to roll all or a majority of your account out, even though you are still working and employed.
Most people think you can only roll your 401k, etc. once you retire or leave a job. However, most 401k's along with other retirement plans allow for "In-Service Distributions".
If you're 59 1/2 or older, most company-sponsored retirement programs (like 401k's) allow you to do an in-service distribution. This allows you to roll all or a majority of your account out, even though you are still working and employed.
Most people think you can only roll your 401k, etc. once you retire or leave a job. However, most 401k's along with other retirement plans allow for "In-Service Distributions".
Qualifying Events for an In-Service Distribution
- Legitimate hardships
- Termination (or retirement) of employment
- You have attained age 59 1/2
Once you roll over your 401k or company retirement plan, it is no longer a 401k. It is now your own IRA, or Roth IRA if that's what you have. There are many safe options out there that still give you growth potential! It never hurts to ask.
For more details give me a call at (605) 310-6805 to see if you may have these options.
And don't forget to "Live Life... Easy"!
For more details give me a call at (605) 310-6805 to see if you may have these options.
And don't forget to "Live Life... Easy"!
