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401k rollover, Rollover IRA, Retirement Savings Consolidation, Rollovers

401(k) Rollover

You’ve moved to a new job, but left your 401(k) assets with your previous employer.

While that’s certainly the easiest course, it may not be the wisest. You could be missing out on the financial advantages of combining your retirement savings into one account, through a 401(k) to IRA conversion, or rollover. In many cases a 401(k) rollover IRA provides you more investment choices and a greater degree of control over your financial future. It’s simple to do even if you’d like to consolidate 401(k) accounts from more than one previous employer, as well as other IRAs.

A SunTrust Investment Services, Inc. Financial Advisor can walk you through the process and assist you with the necessary paperwork. With all your 401(k) and IRA assets combined in a single SunTrust Rollover IRA, you’ll benefit from:

  • A wide range of investment options
  • A sharper focus on your retirement priorities
  • Ongoing investment guidance from a SunTrust Investment Services Financial Advisor
  • Professional management of all your assets

To contact a SunTrust advisor call 844.206.8900.

Consider these four options for your 401(k)

If you left your 401(k) with a former employer, you have four options:

  • Roll your assets into an IRA: This may give you a wider range of investment choices.
  • Consider annuities: An annuity may provide you with a guaranteed* lifetime income. All guarantees are subject to the claims paying ability of the issuing insurance company.
  • Keep it in an employer plan: If you like your current employer’s plan, leave your money there.
  • Take a lump sum distribution: Your former employer may withhold 20 percent, the amount of the distribution will be taxable in the year received and the IRS 10% early distribution tax penalty will apply.

Find the right investments to pursue your goals

Our advisors can help you select from a wide array of solutions for your rollover IRA assets. They can offer tailored suggestions and ongoing guidance on retirement products from some of the best providers the industry has to offer, including products that offer a guaranteed income stream.

Consier all applicable fees and features before transferring your retirement assets to SunTrust Investment Services.

IRA withdrawals prior to age 59 1/2 may be subject to a 10% penalty.

Benefit from opening a new IRA

The primary purpose of an IRA is to help you save for retirement by providing significant tax advantages. Opening an IRA is key to helping you reach your retirement goals. To roll over your existing 401(k) to an IRA, or to open a new IRA, call a SunTrust Investment Services Financial advisor at 844.206.8900 or stop by your local branch.

Meet members of our team

At SunTrust Investment Services, Inc., you have direct access to retirement planning experts, many of whom have earned the Certified Financial Planner (CFP) or Chartered Retirement Planning Counselor (CRPC) designations. SunTrust advisors have access to specialized tools to help you create your personal retirement game plan. They will monitor and adjust your plan as your needs change, and when the time comes, help you convert your retirement savings into income in a tax efficient way.

Consider all applicable fees and features before transferring your retirement assets to SunTrust Investment Services.

IRA withdrawls prior to age 59 1/2 may be subject to a 10% penalty.

Investment and Insurance Products:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

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