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457b Rollover

What is a 457b Rollover?

457b plans are retirement plans that are sponsored by US governmental entities and certain tax-exempt organizations. When you terminate your employment and have assets in a 457b plan, you can elect to transfer or rollover your 457b plan to a Rollover IRA.

Frequently a 457b plan is rolled over into a Rollover IRA via a direct rollover. The assets in your 457b plan can be transferred from your 457b directly to a Rollover IRA via a trustee-to-trustee transfer. A direct rollover from a 457b to a Rollover IRA is made tax-free and there is no tax liability. It is generally to your advantage to choose a direct rollover because your 457b plan administrator will not withhold taxes if you choose this option.

Many investors believe it is advantageous to do a 457b rollover versus leaving their 457b money in their ex-employer's 457b plan or transferring their assets into their new employer's retirement plan.

Advantages of a 457b Rollover to Rollover IRA

  1. More Control
  2. Increased Investment Options
  3. Investment Advice

A significant advantage of a 457b rollover to a Rollover IRA is increased investment flexibility. A client with a BCM Rollover IRA can invest in stocks, bonds, institutional money managers and over 10,000 mutual funds.

Learn more about the advantages of a 457b rollover.

 

How Can BCM Help You?

Beacon Capital Management Advisors (BCM) is experienced in helping individual investors rollover their retirement plan from a previous employer to an IRA and we welcome the opportunity for you to speak to a BCM Advisor to learn more about the rollover services we provide to our clients. BCM is registered in 50 States. Complete the form below and a BCM Advisor will promptly respond to your inquiry.

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Disclosures:

*The information on this page is for informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax situation and specific needs, please consult a professional tax advisor.

*Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.