Paratus Wealth 401(k) & IRA Rollover Service
At Paratus Wealth, we understand that managing your retirement savings is a crucial aspect of your financial future. If you're looking to optimize your retirement plan, our 401(k) and IRA rollover services can help you transfer your retirement funds seamlessly, ensuring that your savings continue to grow in line with your goals.
Whether you are changing jobs, retiring, or simply seeking to consolidate your retirement accounts, we provide expert guidance to ensure a smooth and efficient rollover process.
What is a 401(k) & IRA Rollover?
A 401(k) rollover involves transferring your retirement savings from your previous employer’s 401(k) plan into a new retirement account, such as an Individual Retirement Account (IRA) or your new employer’s 401(k) plan. An IRA rollover refers to transferring funds from one IRA account to another or consolidating multiple IRAs into a single account.
This rollover process allows you to retain the tax advantages of your retirement savings while offering more control and investment flexibility.
Why Roll Over Your 401(k) or IRA?
1. Consolidate Your Accounts
If you have multiple retirement accounts from previous employers, rolling them over into a single IRA can help streamline your retirement planning and make it easier to manage your investments.
2. Increase Investment ChoicesIRAs generally provide a broader range of investment options than a 401(k), such as stocks, bonds, mutual funds, ETFs, and other assets that may better align with your financial goals.
3. Avoid Early Withdrawal PenaltiesWhen you roll over your 401(k) into an IRA or a new employer’s plan, your funds remain tax-deferred and protected from penalties, avoiding the immediate tax burden and early withdrawal penalties that come with cashing out.
4. Greater Control and Flexibility
An IRA rollover gives you more control over your investment strategy and greater flexibility in managing your retirement savings. You can choose how to allocate your funds and adjust your investments based on changing needs.
5. Potential for Lower Fees
Many 401(k) plans come with administrative fees that can eat into your returns. By rolling over your funds into an IRA with a lower fee structure, you can potentially keep more of your hard-earned savings working for you.
How Paratus Wealth Can Help
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Expert Advice and Guidance
Our team of experienced financial advisors will walk you through the entire rollover process, helping you understand your options and select the solution that best aligns with your long-term retirement goals.
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Seamless Rollover Process
We handle the paperwork and facilitate a smooth and hassle-free rollover, ensuring that your funds are transferred efficiently and that you remain in compliance with IRS regulations.
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Personalized Investment Strategy
Once your funds are rolled over, we help you design a customized investment strategy based on your financial goals, risk tolerance, and time horizon. Our aim is to help you grow your retirement savings in the most efficient way possible.
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Tax-Deferred Growth
With a direct rollover, your funds will continue to grow tax-deferred, preserving your retirement nest egg and allowing for long-term compounding.
Types of Rollovers We Assist With
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401(k) to IRA Rollovers
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Traditional IRA to Traditional IRA Rollovers
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Roth 401(k) to Roth IRA Rollovers
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Rollover for Non-Working Spouse Accounts
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401(k) to New Employer’s 401(k) Plan
Get Started with Paratus Wealth Today
If you’re considering rolling over your 401(k) or IRA, or simply want to explore your options, Paratus Wealth is here to provide the guidance and support you need to make informed decisions for your retirement.
Contact us today to schedule a consultation with one of our retirement planning specialists and start optimizing your retirement savings for a secure future.