401k Rollover Madison

At Retirement Income Strategies, we can help you determine a strategy appropriate for your financial situation.

401k Rollover Options in Madison, WI

A 401k rollover is when savings from a 401k account is moved to an individual retirement account or IRA. An IRA is untaxed so it can grow for retirement and provide opportunities for other investments.

The staff at Retirement Income Strategies can help answer questions like “Is my 401k taxed at retirement?” Read on to learn more about if and when 401k’s are taxed.

  • Traditional IRA: A traditional IRA can be tax deductible during the year you contribute to it. When it’s withdrawn at retirement, your money is taxed at a regular income tax rate.
  • Roth IRA: Though you don’t earn a tax break when you contribute to a Roth IRA, an investor can typically withdraw money tax-free.
  • Transfer your 401k to your new employer: Many people in Madison, WI would rather keep their 401k in a single account. This is best if your employer’s plan permits rollovers and allows low-cost investment alternatives.

Retirement Income Strategies can explain your options and how to pick what’s best for your 401k. Our team works closely and personally with our clients in Madison to ensure they fully understand their finances and are helped with future planning.

How Do I Rollover a 401k to an IRA?

Though planning your finances can feel like a daunting or confusing task, don’t worry. Our highly qualified specialists will guide you step by step through the practice. With personalized attention and quality advice, the team at Retirement Income Strategies will teach you how to make the most of your financial situation. Retirement Income Strategies offers honest, helpful advice for complicated subjects like 401k rollovers.

Retirement Income Strategies is Here to Help

If you’re ready to secure a prosperous retirement for you and your family, contact Retirement Income Strategies today. Retirement could be approaching at any month or feel years away, no matter the case, you shouldn’t be caught unready. Let Retirement Income Strategies prepare for the best.

Ready to Take The Next Step?

For more information about any of the products and services listed here, schedule a meeting today or register to attend a seminar.

Or give us a call at 608.208.1800