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401 (k) Rollover

A 401(k) rollover is a financial term that refers to the process of moving money from one 401(k) account to another. This is often done when an individual changes jobs or retires and wants to move their 401(k) savings to a new employer's plan or to an individual retirement account (IRA). Continue Reading Below  

About 401 (k) Rollover

A 401(k) rollover is a financial term that refers to the process of moving money from one 401(k) account to another. This is often done when an individual changes jobs or retires and wants to move their 401(k) savings to a new employer's plan or to an individual retirement account (IRA). Rollovers can also be done to consolidate multiple 401(k) accounts into a single account. The process of rolling over a 401(k) typically involves transferring the funds from the old account to the new one, either through a direct transfer or by taking a distribution and depositing it into the new account within 60 days. This process allows individuals to maintain the tax-deferred status of their savings and continue to grow their retirement nest egg.
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