401(k) Rollovers in Kansas
Changing jobs or retiring? Move your old 401(k) the right way, without surprise taxes or withholding.
Whitehead Financial helps Kansans roll over an old 401(k) when they change jobs or retire, so the money keeps its tax advantages and lands where it fits their plan. Lucy Whitehead walks you through every step, with no charge for her services.
Leaving a job is the moment most people decide what to do with an old 401(k): leave it, move it to a new employer's plan, or roll it into an IRA. How you move it matters. According to the IRS, a direct rollover has no taxes withheld, while a distribution paid to you is subject to mandatory 20% withholding, and you generally have 60 days to complete a rollover (IRS).
Lucy helps you compare your options, line up the paperwork so the money isn't sitting idle, and connect the rollover to your bigger retirement income plan. For specific tax questions about your situation, she'll also suggest talking with your tax professional.
Sources: IRS: Rollovers of retirement plan and IRA distributions
Where Lucy helps with 401(k) rollovers
- 401(k) Rollovers in Basehor, KS
- 401(k) Rollovers in Kansas City, KS
- 401(k) Rollovers in Leavenworth, KS
- 401(k) Rollovers in Lansing, KS
- 401(k) Rollovers in Shawnee, KS
- 401(k) Rollovers in Lenexa, KS
- 401(k) Rollovers in Overland Park, KS
- 401(k) Rollovers in Olathe, KS
- 401(k) Rollovers in Lawrence, KS
- 401(k) Rollovers in Topeka, KS
- 401(k) Rollovers in Manhattan, KS
- 401(k) Rollovers in Salina, KS
- 401(k) Rollovers in Wichita, KS
Straight answers
What's the difference between a direct and an indirect rollover?
In a direct rollover, the money moves straight from your old plan to the new account, and no taxes are withheld. In an indirect rollover, the check is paid to you, 20% is withheld, and you generally have 60 days to complete the rollover (IRS).
Do I have to roll over my 401(k) when I leave a job?
Not always. You can often leave it, move it to a new employer's plan, or roll it into an IRA. Lucy helps you compare the trade-offs.
What does it cost to get help with a rollover?
There is no charge for Lucy's services and no management fees.