Rolling over your 401(k) and/or 403(b) to an Envoy IRA
How do I roll over a 401(k) or 403(b) to an Envoy IRA?
Envoy Financial makes rolling over an old retirement savings plan from a former employer easy for you. Consolidating your savings into an Envoy Rollover IRA may be a good choice for you if you’ve recently changed jobs or retired.
Rollover eligibility
Individuals who have changed jobs or retired and have left savings in a former employer’s plan may be eligible to roll over a workplace savings plan (i.e., 401(k), 403(b), governmental 457(b)). Minimum required distributions are not eligible to be rolled over to an IRA.
Tax benefits
A Rollover IRA is a type of Traditional IRA with the same tax benefits – potential tax-deferred growth of savings.
Withdrawals
Minimum required distributions starting at age 72. 10% early withdrawal penalty if under age 59 1/2 with limited exceptions.
Key advantages
Freedom from restrictions that may be present in your previous employer’s retirement plan. Access to a wide range of mutual fund investments. The ability to withdraw penalty-free for a first-time home purchase or qualified education expenses.
*Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Consult a prospectus or a summary prospectus containing this information. Read it carefully.
What about a Roth IRA?
If you want to convert some or all of your old retirement plan assets to a Roth IRA or if you want to directly roll over Designated Roth Account assets in a Roth 401(k) or 403(b), open a Roth IRA. With a Roth IRA, you’ll have the potential benefit of federal tax-free growth and tax-free withdrawals.
Want one-on-one help?
Call a Rollover Specialist
888-879-1376
8 am to 5 pm US Mountain
5333 N Union Blvd, Ste 200, Colorado Springs, CO 80918
Click here for a Rollover Request