What should you do with your retirement account when changing jobs? You have a handful of options to consider.

1. Mullooly Asset Management Podcast
October 2, 2013
Mullooly Asset Management October 2013

2. You Have Options
 Take the money and run
 Leave the money where it is
 Roll it over into your new employer’s plan
 Roll it over into an IRA
Mullooly Asset Management October 2013

3. Take the Money and Run
 Probably not your best option
 If under 59 ½ you will incur an early withdrawal
penalty
 Also the money will become subject to taxes
Mullooly Asset Management October 2013

4. Leave the Money Where It Is
 If you’re comfortable with the choices in your plan this
could be an option
 Might not be your best option
Mullooly Asset Management October 2013

5. Roll Over Into New Employer’s Plan
 If you like to the new employer’s plan and its options
this could be for you
 Not all employers will accept rollovers from previous
jobs
Mullooly Asset Management October 2013

6. Roll Over Into an IRA
 Probably your best option
 Rollovers from your retirement plan to an IRA are tax
free
 IRA’s have unlimited choices for investment
 Money does not need to be withdrawn until you turn
70 ½
Mullooly Asset Management October 2013

7. How To Do This
 Call human resources and tell them you want to roll
this money over…it is YOUR money
 Usually can roll the money into an IRA over the phone
 Your money will either go directly to your IRA or you
send a check payable to the IRA Custodian for the
benefit of you
Mullooly Asset Management October 2013

8. None of the securities mentioned in this (or any)
podcast or video represent past specific
recommendations of Mullooly Asset Management.
This video is NOT a recommendation to buy or sell any
of the securities mentioned here.
If you’re relying on a podcast for investment advice, you
are likely making a huge mistake.
We strongly urge our listeners to consult with their
investment advisor before they make a decision to buy or
sell any investment.
Mullooly Asset Management October 2013

9. Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management October 2013