One way to take control of your retirement savings is to roll over your plan from a former employer. People who elect to rollover assets from a 401k or 403b plan often experience lower administrative fees and considerably more investment choices that are better for their personal situation
A Rollover is a Traditional IRA that only holds assets received as a rollover distribution from a retirement plan. The term ‘rollover’ simply helps people identify the assets as a rollover from a retirement plan.
Rollover IRAs are often used when an individual receives a lump sum distribution from an employer sponsored retirement plan (e.g. 401(k) or 403(b)) and wants to continue the tax-deferred growth of those retirement funds.
The Galleon IRA
Consolidate your retirement savings by rolling your old 401k over into one convenient, easy-to-monitor account. The Global Advisers Rollover IRA process is fast and hassle-free. Rolling over assets from your old employer’s plan into a Galleon IRA can help you better manage your portfolio and can provide access to a broad range of investments, while maintaining the tax-deferred status of your retirement assets.
A Rollover IRA is designed as a holding account for funds distributed from an employer’s qualified retirement plan such as a 401k or 403(b). Moving funds into a Rollover IRA may allow the account owner to return the funds to another employer’s qualified retirement plan in the future. To initiate a direct rollover from a qualified retirement plan, please contact your plan administrator.
Rolling over your old 401k into a Galleon IRA is free and there are no setup or maintenance fees. You’ll also avoid costly cash distribution penalties and taxes if you were planning to cash out your accounts.
A rollover is not your only alternative when dealing with old retirement plans. Learn more about 401k and 403b rollover alternatives.
Features and Benefits of a Galleon IRA
- No maintenance fees
- All accounts are professionally managed by a financial adviser or wealth manager
- No proprietary mutual funds or ETFs
Need Help with Your IRA Rollover?
A Chartered Retirement Planning Counselor can:
- Help with the rollover process from start to finish.
- Contact your 401k administrator for you.
- Call 800-832-8514 to schedule a phone consultation.
