HOW TO MOVE YOUR OLD 401(k)
STEP 1
Let’s Meet to Open Your New Account
STEP 2
Contact Your Former Provider
STEP 3
Deposit Your Money into Your New Account
Step 1
LET'S MEET TO OPEN YOUR NEW ACCOUNT
If you are looking for an option for a consolidated view of your retirement money, a rollover IRA is an answer. Although setting up a rollover IRA is a complex process, we will help make it as convenient as possible.
Step 2
CONTACT YOUR FORMER PROVIDER
To initiate an account transfer, you’ll need to contact your old 401(k) provider. This will be the entity your employer partnered with to manage your accounts. If you don’t know who the provider is, you should be able to find their name on your account statements, or you can reach out to your former employer for assistance. You’ll start by telling your old provider that you wish to transfer your 401(k), and we recommend also asking them these questions when you speak with them. This will make the process simpler when transferring your account. If you’d like one of our team members to assist you during the call, just let us know.
Step 3
DEPOSIT YOUR MONEY INTO YOUR NEW ACCOUNT
The last step is simple—you can either tell your old provider to send the money directly to us, or you can deposit the money yourself by having them send you a check. Just note that if the check is made payable directly to you, you will need to deposit the money into your new IRA within 60 days of receiving the check—otherwise, it will be viewed as a withdrawal and you could face tax penalties.
Ready to Get Started?
CONTACT US
2600 Network Blvd Suite 130
Frisco, TX 75034
Call Us: 972.377.5214
Email Mark: mark@clearpathwealthstrategies.com
Email Trevor: trevor@clearpathwealthstrategies.com