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Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Four Options For Your Retirement Account When You Change Jobs Video

October 7, 2013 by Thomas Mullooly


So you’re changing jobs or retiring and want to know what you can do with your retirement account, right? Well, you have four routes you can go. Tom and Brendan discuss the options available to investors when they leave a job or retire in this video. Make sure to speak with your investment advisor before making any big financial decisions. You can utilize this video to hear about the choices you’ll have for your retirement account when you change jobs.

The first option is to take the money and run. This is probably the least financially responsible option of the bunch, and you should watch the video to learn about the penalties and taxes you’ll incur by choosing this option. Another option for your retirement account when you change jobs is to leave it alone. If you like the investment choices and structure of the plan, then you can keep the money where it is.

The final two options both involve rolling the old account into a new one. If you’ll be changing jobs and you like the retirement plan at your new place of employment, find out if you can roll your old retirement account into a new one. The last option for your retirement account when you change jobs is to roll it into an IRA. Rolling the money into an IRA will be a tax-free move, and it also means you’ll have increased investment options.

Learn more about each of these options by watching the video. As always, consider all of your options and speak with your investment advisor before making any decisions!

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Filed Under: Asset Management, Videos Tagged With: 401k account, 403b annuity

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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