IRA & 401k Rollovers

Accumulating funds for a financially secure retirement is a high priority for many. Ideally you should contribute to both a 401k plan and an Individual Retirement Account. IRAs and 401k plans both offer tax-advantaged ways to accumulate funds.

In most cases, participating in a 401k plan should be your first choice. Examine the terms of your plan to determine how the employer match works. In most 401k plans the employer will make contributions on behalf of the participant. It makes sense to take advantage of this employee benefit because your employer helps you to accumulate the funds you need. After contributing to your 401k plan, you may want to consider additional contributions to an IRA. Depending on your level of income, contributions to an IRA may be tax deductible. Use our Retirement Savings Calculator to help determine how much you'll need to save for retirement. 

401k Rollovers

Changing jobs or retiring? 

  • Rollover your assets into an IRA
  • Rollover your assets to your current employer's plan
  • Keep your assets in your former employer's plan, as permitted
  • Take a cash distribution (taxes will apply and withdrawal penalties may apply)

We can help you every step of the way as you determine the best option for your money as you change jobs or retire. A First National Investment Executive can answer your questions and help you through the process. Contact us today to get started.


Individual Retirement Accounts (IRAs)

An Individual Retirement Account, or IRA, is a tax-favored way to save more money for retirement. IRAs come in two varieties, the Traditional IRA and the Roth IRA. The difference comes in the timing of the tax break. The Traditional IRA may provide an up-front adjustment to income subject to tax, and no deductions are permitted for Roth IRA contributions. On the other hand, withdrawals from Roth IRAs are potentially completely tax free, while all distributions from a Traditional IRA are taxed as ordinary income at both the state and federal levels.

Which IRA is right for you?


Traditional IRA

Roth IRA


Any wage earner and any nonworking spouse may contribute

No contributions allowed after age 70 ½

Any wage earner and any nonworking spouse, provided modified adjusted gross income less than $112,000 for singles, $178,000 for married couples filing jointly

Contributions are allowed after age 70 ½

Tax treatment

Investment income tax is deferred until withdrawal

Contributions are tax-deductible for some taxpayers

Investment income is potentially tax free

No deductions are permitted


Penalty-free withdrawals may begin at age 59 ½

No penalty for withdrawals due to death, disability, up to $10,000 for a new home purchase, or qualified medical or educational expenses

Minimum distributions must begin at age 70 ½

Contributions may be withdrawn free of income tax or penalties

After five years earnings may be withdrawn tax free if the owner is age 59 ½ , in case of death or disability, or up to $10,000 for a first home purchase

No minimum distributions are required

Source: Internal Revenue Code, M.A. Co.

Build Your Retirement Capital

If you have several small IRAs started at various institutions, consider consolidating these accounts into a single IRA. Taking this step will give you:

  • One statement instead of many;
  • A view of all your IRA investments at a glance;
  • One account maintenance fee instead of many

We are happy to help you with the paperwork for consolidating your IRAs. We can also provide guidance on appropriate investments for your IRA, given your circumstances and the opportunities in today’s financial markets.

Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered.
Investments are:

  • Not FDIC/NCUSIF insured
  • May lose value
  • Not financial institution guaranteed
  • Not a deposit
  • Not insured by any federal government agency

View Cetera Investment Services privacy policy and other important information.

Financial Professionals are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website if for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.