IRA Rollovers for Terminated Employees

Have you been let go at work? What happens to the money you have saved in your employee retirement plan?

If you have been terminated by your employer, you have
4 choices when it comes to your retirement plan money:

• Cash it out (and lose part of it to taxes and possible tax penalties)
• Leave the money in the plan (with only a handful of investment options)
• Roll it into a new workplace retirement plan (with limited investment choices)
• Roll it over into an IRA (with no taxable event occurring, and with the ability to direct the money into many different types of investments)

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