Please verify with your plan administrator that your distribution is eligible for a rollover/conversion. It may be tempting to pull money out of your 401(k) to cover a financial gap.Or, when you are considering rolling money over from a 401(k) to an IRA, you may wish to roll over only a portion of your retirement savings and take the rest in cash. Use our 401(k) Early Withdrawal Costs Calculator first. A., Wells Fargo Advisors, or one of its affiliates as part of this website is published in the United States and is intended only for persons in the United States.Consider consolidating your financial assets at Wells Fargo to help you simplify your finances and get a better view of your overall financial picture.For a start, we can explain the various options for your retirement plan savings and How to transfer your IRAs.
Keep in mind that taking a loan from your retirement account can really cut into your progress toward your goals.Thanks to institutional pricing, investment fees and other expenses in employer-sponsored plans may be lower than those in IRAs.Fee disclosure rules for workplace retirement plans also make it easy to compare the costs against what you’d pay in an IRA.Learn More Take your post-tax earnings and fund this retirement plan up to 00 (00 if you are 50 or older) per year with no tax penalties for early withdrawals.
To see if you're eligible, click on the learn more button below.You should consult with the plan administrator and a professional tax advisor before making any decisions regarding your retirement assets.