401(k) Rollovers in Lansing, KS
Lansing residents commute across the metro for work, and over a career that often means 401(k)s scattered across several old employers. Lucy can help you sort out what you have and what your options are.
Whitehead Financial helps Lansing, KS residents understand their options for rolling over a 401(k) after a job change or retirement. Lucy Whitehead, an independent broker in nearby Basehor, walks you through the process at no charge.
The average Lansing worker spends about 21.3 minutes getting to work (U.S. Census Bureau QuickFacts), and over a career many people work for more than one employer. Each job change can leave a 401(k) behind with a former employer. Lucy helps people pull together a list of those old accounts, understand the rules of each plan and decide whether rolling them over makes sense.
The IRS describes a direct rollover as asking your plan administrator to pay the money directly to another retirement plan or an IRA. If a distribution is paid to you instead, 20% is withheld even if you intend to roll it over, and you generally have 60 days to complete the rollover (IRS). Lucy can explain these steps so you know what to ask your plan administrator before you start.
For households approaching retirement, and about 15.7% of Lansing residents are already 65 or older (U.S. Census Bureau QuickFacts), a rollover is often part of a bigger income plan. Lucy can talk through how rolled-over funds might be used, including options like fixed index annuities, and what each choice means for access and flexibility. She doesn't give tax advice, so check specifics with a tax professional.
More about 401(k) rollovers → · Everything we do in Lansing →
Serving Lansing and Leavenworth County
Straight answers
How long do I have to roll over a distribution paid to me?
Generally 60 days from the date you receive it, according to the IRS. A direct rollover avoids the 20% withholding that applies when the money is paid to you.
Should I leave my 401(k) with my old employer?
It depends on the plan and your goals. Lucy can walk through the pros and cons of leaving it, rolling it over or consolidating, so you can choose.
Is there a fee to talk with Lucy about a rollover?
No. There's no charge for Lucy's services and no management fees.
Nearby and related
- 401(k) Rollovers in Shawnee, KS
- 401(k) Rollovers in Lenexa, KS
- 401(k) Rollovers in Overland Park, KS
- Retirement Planning in Lansing
- Health Insurance for the Self-Employed in Lansing
Sources: U.S. Census Bureau QuickFacts: Lansing city, Kansas · U.S. Census Bureau QuickFacts: Leavenworth County, Kansas · City of Lansing: Convention & Visitors Bureau · City of Lansing: Doing Business · KPERS: About · Social Security Administration: Starting Your Retirement Benefits Early · IRS: Rollovers of Retirement Plan and IRA Distributions · HealthCare.gov: Health coverage options for the self-employed · HealthCare.gov: Dates and deadlines