Posts Tagged ‘IRA’

Have a 401K Plan at a Former Employer?

Tuesday, April 10th, 2018

You may have had multiple jobs over your career, and left behind retirement account balances — critical building blocks for your retirement. Here’s a short guide to your options of what to do with a retirement account left with a former employer:

Roll it over to an IRA
• A rollover IRA allows you to continue any tax-deferred growth.
• A direct rollover IRA helps you avoid current taxes and early withdrawal penalties.
• You retain flexibility to select investments that fit your specific needs.
• A rollover IRA allows you to consolidate your retirement assets in one convenient place when you change jobs or
decide to retire. (more…)


Monday, June 20th, 2011

Hey, did you hear the one about the guy who left his job and forgot he had $4,800 in his 401k plan?

Okay…it sounds ridiculous. Who forgets they have that kind of money? Well, believe it or not, it happens pretty often. Just ask the financial officers at hundreds of large or medium-sized companies. Many smaller businesses, too. They’re the ones stuck overseeing these accounts for employees.

Now FMi has developed a solution that helps take the burden of managing ‘forgotten 401k’ plans with balances of $5,000 or less off the backs of businesses, and provides benefits for those to whom they belong, as well. (more…)