401k Rollover Services


If you've changed jobs or are retiring, rolling over your retirement assets to an IRA with PacNorth Retirement Group could be an excellent strategy. Done correctly, it's a non-taxable event – and gives you access to a wide range of investment options, personalized advice and the convenience of having consolidated your savings in a single location.

Our advisors are experienced in rollovers and can handle all details for you, including:

  • Contacting your former plan administrator
  • Opening your new rollover IRA over the phone
  • Completing the paperwork and guiding you every step of the way

GUIDANCE

We'll perform a comprehensive review of your investment portfolio and guide you in the planning of your retirement income.

We then carefully tailor a plan designed to match your goals, risk tolerance and time frame.

SERVICE

Simply call us, and we can help you complete your rollover in a few easy steps.

We'll assist you with the paperwork, track your rollover assets and help you develop an investment strategy.

CHOICE

We offer a wide range of investment options for your IRA.

You can choose from thousands of mutual funds, plus stocks, bonds, CDs and treasuries.

CONTROL

By seeing your total retirement savings on a single statement, you can easily monitor and manage your investments; and you can access your retirement accounts with one click or one call.

In addition, flexible beneficiary designations may allow for the continued tax-deferred investing of inherited IRA assets.

The benefits of a rollover IRA include:

  • Keeping your retirement assets invested in a tax-deferred account
  • Avoiding current taxes or penalties that may apply to a withdrawal
  • Having more investment options, including stocks, mutual funds, bonds and CDs
  • Having access to professional one-on-one retirement planning and investment guidance

The disadvantages of a rollover IRA are:

  • Can't borrow against your assets
  • Annual fees and/or commissions may apply, and may be higher than your plan

In addition to rolling over your 401(k) to an IRA, there are other options. Here is a brief look at all your options. For additional information and what is suitable for your particular situation, please consult us.

Leave money in your former employer's plan, if permitted. 

  • Pro: May like the investments offered in the plan and may not have a fee for leaving it in the plan. Not a taxable event.
  • Cons: Limited to the plan's investment options, may not be able to remain in the plan. You can't take a loan against your old 401(k) plan.

Roll over the assets to your new employer's plan, if one is available and it is permitted. 

  • Pro: Keeping it all together and larger sum of money working for you, not a taxable event. May be able to borrow from the plan.
  • Cons: Limited to the plan's investment options, may not be able to remain in the plan. You can't take a loan against your old 401(k) plan.

Cash out the account. 

  • Con: A taxable event, loss of investing potential. Costly for young individuals under 59 ½; there is penalty of 10% in addition to income taxes.

Be sure to consider all of your available options and the applicable fees and features of each option before moving your retirement assets. LPL Financial and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.