AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN Rollover Information

AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN Rollover

If you leave AAA WESTERN AND CENTRAL NEW YORK, you have the following four choices regarding your account in AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN:

  • Rollover to your new company’s retirement plan: this will consolidate your retirement accounts, combining the existing one with the new one in your new employer.
  • Stay in the existing account: this takes no effort but it creates one more retirement account to take care of. Some people might even forget about it for many years and have to find it many years later. If the existing plan has good investment options and ultra-low cost funds, you might still want to consider this option, however.
  • Rollover to a traditional IRA account or Roth IRA account if your account is a Roth 401(k) account: there are several advantages to rollover to an IRA account in a brokerage.
  • Withdraw from your existing account: two big drawbacks to watch out for this option. You’ll have to pay ordinary income for the gains in your account over the years. Furthermore, If you withdraw money from your 401(k) before 59 ½, the IRS usually charges a 10% tax as an early distribution penalty.

Read more

What to Do with Your 401(k) When You Leave Your Current Employer?

Pros and Cons of Rollover from a 401(k) to a Self-Directed IRA


Free newsletters

High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more …

Puzzled on what to invest?

  • We ask a few questions to decide your personal return and risk expectations
  • We build a custom portfolio for your plan (401(k), 403(b), 529 …) or for a  brokerage account
  • We monitor and send timely rebalance emails on what investment funds to buy and sell

Looking for ideas to generate income?

  • ETF or mutual fund income portfolios for 4-7% annual income
  • Dividend stock funds
  • Passive real estate investments
  • more …

Portfolio Calculator (Simulator)

Quickly enter fund allocation and get a back test result on the performance of this ‘lazy’ portfolio.

Customize Asset Allocation Portfolios

Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.

Retirement Calculator

See how much you can save for retirement.

Investment Calculator

Grow your wealth and see the power of compounding.

Looking for a (forgotten) 401(k)?

Find plan contact info, plan expense, investment options or how to select investments on your 401k plan …