Convert to a Roth IRA.

The plan assets don’t need to first move to an IRA. You can do a full or partial conversion as a direct rollover

or a 60-day rollover.

The advantages? Income-tax-free withdrawals of the converted amount may be done at any time; more

investment options; flexibility in estate planning; less paperwork on a distribution; and flexibility in naming

beneficiaries.

Convert to Roth Plan Assets.

This is similar to the Roth IRA conversion option.

Lump-Sum Distribution.

Take the money and run! If you need the money immediately and have no other source of readily available

funds, you should think about this option. Keep in mind that income tax and the 10% early distribution penalty,

if applicable, may be owed on the total distribution amount.

Leave It in the Current Plan.

Leaving it in the plan allows the assets to remain in a tax-deferred plan and maintains creditor protection, but

it minimizes many of the benefits of moving the money to tax-free territory.

Move It to a New Employer’s Plan.

Many are not aware of this option. If you leave one job for another, the new employer’s plan may allow you to

roll in the assets from the old one. Again, this option keeps the assets in a tax-deferred plan. The drawbacks

include a continued limit on investment options and plan limits on distributions.

Roll Over Plan Assets to an IRA.

If you don’t need the money right away, this is an option to seriously consider. You would be able to have more

investment options, no withdrawal restrictions after age 59 ½, and many more benefits that we can discuss

when considering the best option for you.