Retirement Withdrawal and Distribution Options

You have options when it comes to distributing your old 401(k) savings. Here are the most common.

Roll Your Old 401(k) to NestEgg U

In most cases, you’ll have the option of rolling over your previous plan’s balance into your new plan before you become eligible to participate. Contact NestEgg U for a rollover information kit.

Leave Your Balance in Your Current NestEgg U Plan

You may be able to leave your money in your former employer’s 401(k) plan. While you won’t be able to contribute, your money will remain invested as you choose. This could be a short-term or long-term option depending on your current needs.

Roll Over Your 401(k) to a NestEgg IRA

By rolling over your savings to a NestEgg IRA, you can keep growing your money. The NestEgg IRA is easy to set up and takes the burden of investment management off your shoulders. It’s also optimized for success and specially tailored to your retirement dreams.

Roll Over Your 401(k) to Your New Employer

We would love to have you stay with us, but sometimes it makes sense to keep all of your money together. If you are changing jobs, you have the option of rolling your money to your new employer's retirement plan.

Withdraw a Lump Sum

You can cash out part or all of your 401(k) as a lump sum, but you will have to pay income tax and possibly an early withdrawal penalty. This option should only be considered if you need immediate income when you leave your job or retire. While that may be necessary, we can help you explore other potential solutions.

Decisions about retirement, investment and distribution can feel overwhelming. We’re here to make them easy-breezy. Let’s talk more about your options and find out which one is the best fit for you.

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