Cadillac, MI

There comes a time in everyone’s life when no one is completely sure what to do with an old 401k. If this describes you, then you might consider a 401k rollover. When deciding on this course of action, there are some factors to keep in mind: career status, financial status, and tax and investment preferences. This is where Vickery Financial can help. Our 401k rollover advisors in Cadillac, MI can help you determine the best way to deal with your 401k and which investment strategy will provide you with the results you want to achieve.

Traditional IRA

Rolling your 401k over to a traditional IRA is a good option because it’s flexible and tax-deferred. If you’re switching jobs or coming up on retirement, this could be something to consider. The benefits to an IRA include:

  • Increasing funds that are tax-deferred (tax is only collected after money is withdrawn)
  • Consolidate other retirement accounts for simple management
  • Additional services like investing tools and guidance
  • Other investment choices not available with your former or current employer

Don’t hesitate to call Vickery Financial to learn more about a 401k rollover to IRA in Cadillac, MI.

Roth IRA

A Roth IRA is another option you can consider. A 401k rollover to a Roth IRA consists of a few benefits:

  • 401k contributions can go directly into a Roth IRA tax-free
  • Additional contributions can also grow tax-free
  • Required Minimum Distributions (RMD) are not required when you reach the age of 70 ½
  • More investment choices
  • Consolidate retirement accounts into one Roth IRA for simple management

You can learn more about Roth IRAs by clicking here. Vickery Financial can help you with a 401k rollover to a Roth IRA in Cadillac, MI and answer any questions you might have.

Rollover Your 401k Today and Contact Vickery Financial

Don’t let your 401k go to the wayside. Our primary goal at Vickery Financial is to provide you with sound financial advice and plan for a brighter future. Whether you want a 401k rollover to an IRA or a 401k rollover to a Roth IRA, we are here to help all our clients in Cadillac, MI. Give us a call at 231-775-4244 to learn more about our services and to set up an appointment. We’re here to work for you.