IRA Rollovers

Get out from under those piles of investment statements.

According to the Bureau of Labor Statistics, the average tenure of an employee at the same employer is now less than five years. For many people, this results in a number of retirement accounts being held at multiple former employers. A Rollover IRA may help you to consolidate and better manage all those assets in a single account.

Rolling over an old 401(k) is easy, just:

  1. Choose between a Traditional or Roth IRA. Keep in mind that if you roll over pre-tax funds into a Roth IRA, you'll have to pay taxes on the amount you convert. 
  2. Open a Rollover IRA account at SunTrust 
  3. Request a “direct rollover” from your old 401k plan 
  4. Select your new investments

Your SunTrust Investment Services advisor (STIS) can help you every step of the way.

Why roll over your old 401(k) or 403(b) accounts?

  • Allows you to more efficiently manage your overall retirement asset allocation and may improve your investment diversification
  • In most cases, provides you with access to a broader array of available investment choices
  • Significantly reduces the volume of plan statements, prospectuses and notices you need to review
  • Maintains the tax-deferred status of your investments

Why open a Rollover IRA with SunTrust?

  • A broad choice of investments including stocks, bonds and exchange-traded funds
  • Guidance from a knowledgeable; local SunTrust Investment Services advisor (STIS) on investment choices, contribution limits and distribution requirements

Learn how our SunTrust SummitView goals-based planning approach can give you a clear view into all your stocks, bonds, retirement and savings accounts, allowing you and your advisor to better align your investments to your goals and objectives.

DISCLAIMERS

When it comes to rolling over savings from an employer-sponsored plan you have options. You can roll it over to an IRA. You could leave it with the employer plan or you could cash out. Before transferring your retirement assets to a SunTrust Investment Services IRA rollover be sure to consider investment options and services, fees and expenses, withdrawal options, required minimum distributions, and tax treatment of each option and how they align with your financial needs and retirement plans.

 

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