How do I know if it's right for me?
Access Investing is a discretionary investment advisory account. It's a digital-only platform and does not include the help of a Financial Advisor. So if you're looking to try a different approach to traditional advisory, then Access Investing may be for you.
Can I roll over a 401(k) plan or other qualified retirement plan from a former employer to Access Investing?
That is an option. However, you need to consider all of your options and make an informed decision based on personal circumstances and the relevant factors. You should discuss with a legal or tax advisor.
What are my options for my qualified retirement plan assets with a former employer and what factors should I consider?You generally have four options: (1) cash out and take a lump sum distribution (subject to mandatory 20% federal income tax withholding, income taxation and potential penalty taxes), (2) leave your retirement assets in your former employer’s plan (if permitted), (3) roll your retirement assets into a new employer’s plan (if available and if permitted), or (4) roll your retirement assets into an IRA
Each of these options offers advantages and disadvantages, depending on your particular facts and circumstances (including your financial needs and your particular goals and objectives). Some of the factors you should consider when making your rollover decision, include (among other things) the differences in: (1) investment options, (2) fees and expenses, (3) services, (4) penalty tax-free withdrawals, (5) creditor protection in bankruptcy and from legal judgments, (6) Required Minimum Distributions or “RMDs”, (7) the tax treatment of employer stock if you hold such in your current plan, and (8) borrowing privileges (e.g., loans are not permitted from IRAs, and the availability from an employer’s qualified retirement plan will depend on the terms of the plan). Please note that these are just examples of the factors that may be relevant to you when analyzing your available options, other considerations may apply to your specific situation, and the importance of any particular factor will depend upon your individual needs and circumstances.
Answer a few questions and we’ll give you a snapshot of both your target and projected retirement income.
You can roll over your 401(k) assets into a Traditional IRA or Roth IRA1 with Access Investing.
Drawing on 80+ years of investing expertise, we’ll recommend a portfolio and show you how it’s projected to grow over time.
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