Know and understand your 401(k) options
401(k) Options
When you change jobs, it's important to determine what to do with the funds from your employer-sponsored plan. We can help.
One of the reasons a 401(k) is great is because your assets are portable if you start a new job. Your rollover options typically include moving your assets to an IRA or your new employer’s retirement plan. Other options include taking a cash distribution or leaving the funds in your previous employer’s retirement plan. Each choice offers advantages and disadvantages, and you may engage in a combination of these options.
We recommend you discuss each of these alternatives for your 401(k) with one of our wealth advisors. They will work with you to help you identify which option is best for your retirement goals and current financial situation.
Meet an advisor
Compare 401(k) Options
Use these pros and cons to help you decide which option is right for you.
| Pros | Cons | |
|---|---|---|
| Roll over to an IRA | ||
| Roll over to an IRA |
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| Roll over to a new 401(k) | ||
| Roll over to a new 401(k) |
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| Leave your assets in your former employer’s plan | ||
| Leave your assets in your former employer’s plan |
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| Take a cash distribution | ||
| Take a cash distribution |
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Certificates
Earn higher dividends than you would with a primary savings account and lower risk than with some other investment options.
Money Market Accounts
You can earn higher dividends than you would with a primary savings account.
Retirement: Your Investment Options
Discover five ways to grow your retirement nest egg.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Mountain America Credit Union and Mountain America Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mountain America Investment Services, and may also be employees of Mountain America Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Mountain America Credit Union or Mountain America Investment Services. Securities and insurance offered through LPL or its affiliates are:
This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financial U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.
Mountain America Credit Union (“Mountain America”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay Mountain America for these referrals. This creates an incentive for Mountain America to make these referrals, resulting in a conflict of interest. Mountain America is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html.
LPL Financial Form CRS.
| Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed |
| Not Credit Union Deposits or Obligations | May Lose Value |
This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financial U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.
Mountain America Credit Union (“Mountain America”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay Mountain America for these referrals. This creates an incentive for Mountain America to make these referrals, resulting in a conflict of interest. Mountain America is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html.
LPL Financial Form CRS.
