Getting Rollovers Right
You have options for rolling over funds when you retire, change jobs or if you simply want to consolidate accounts. If you want to roll funds into your current plan with Mutual of Omaha, watch this video to see how we’ve simplified the process.
For employees with a 401(k) account balance in a previous employer’s retirement plan, one decision to make is: “What should I do with my retirement savings?”
Essentially, there are three options:
- Stay in your previous employer’s retirement plan
- Rollover the funds to your current employer’s retirement plan or an IRA
- Cash out, which can expose your savings to taxes, penalties and fees
Each option comes with its own benefits and drawbacks, and no single option is right for everyone. The choice often depends on individual circumstances; and the need for simplicity, flexibility and security.
If you decide to roll an existing plan’s assets into your Mutual of Omaha Retirement Services 401(k), we’re here to help. View the video above or download the Rollover Flyer for more information.
Access the rollover form to roll an existing plan’s balance to Mutual of Omaha Retirement Services.Download Rollover Form
This flyer provides a brief description of different rollover options and outlines the steps to roll funds from a previous employer's plan into your current plan.Download Rollover Flyer