Leaving a job or retiring? What you do next with your 401(k) or IRA can impact your taxes, flexibility and income for decades to come.
At Common Sense Retirement Planning, we help clients across Greenville, Spartanburg, Anderson and beyond navigate these decisions with clarity and confidence.
Your Options:
- Leave funds in your old employer's plan
- Roll into a new employer plan
- Rollover to an IRA
- Cash out (with taxes and penalties)
For many, a rollover to an IRA offers more control, broader investment options and better integration into an income strategy.
We help you:
- Evaluate the tax impact of each choice
- Consider future Required Minimum Distributions (RMDs)
- Integrate with Roth conversion planning
- Protect spousal continuity
- Align with estate and legacy goals
It's not just a transaction - it's a turning point. Let us help you make the most of your savings.
Frequently Asked Questions
Q: Should I roll over my old 401(k)?
A: In many cases, rolling into an IRA gives you more control and better integration with your income plan.
Q: Are there penalties for cashing out a 401(k)?
A: Yes. Withdrawals before age 59½ are taxed as income and may incur a 10% penalty.
Q: How do IRAs fit into my retirement income plan?
A: They can be a flexible, tax-deferred source of income - especially when coordinated with Roths and annuities.
At Common Sense Retirement Planning, we offer you the following services:
Retirement Income Strategies
Wealth Accumulation Strategies
Asset Protection Strategies
Annuities
Life Insurance Strategies
Tax Efficient Strategies
Long-Term Care
IRA & 401(k) Rollovers
Ready to Take The Next Step?
For more information about any of our products and services, schedule a meeting today.