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401k & ira rollovers


ira rollovers

          A traditional individual retirement account (IRA) is a tax deferred retirement plan established for those who receive earned income from employment, as well as for those who are divorced or separated and receive taxable alimony or maintenance payments and have not reached 72.

        IRA Rollovers were designed to provide these individuals with the opportunity to build their own tax-deferred retirement program. One disadvantage of both traditional IRAs as well as 401(k) and 457(b) plans is that every year beginning at age 72, millions of Americans will be forced to take Required Minimum Distributions (RMDs) from their qualified plans.

This could increase your ordinary income taxes and leave you less disposable income. RMDs can drastically decrease the amount of money that will be left for your beneficiaries after you pass.  SMG Wealth Management has many strategies and options which may benefit you. We help navigate you through every possible option to help you pay only your fair share of taxes. We are committed to make sure our clients retain, grow, protect and transfer all that they have worked hard for.

401k rollovers

Stay in control of your own money.

If you change employers or reach age 59 ½ , you should
consider your financial options when it comes to money

you put away for your retirement.


You don’t have to leave your
money with your old company 401(k) or 457 (b).
There are advantages and disadvantages to both.


Let’s discuss your options and when it comes to 401(k) and 457(b). We work with clients all over the United States.

Some advantages of rolling over a 401 (k) into a IRA is that you may gain access to more investment options and have more control over the account. You may also pay lower fees and have the opportunity to consolidate the old 401(k).


You should always seek professional financial advice and ask for a comparison before you rollover any 401(k).


Some disadvantages of rolling over a 401(k) into an IRA is that there are no loan options, possible decrease in creditor protection and possible higher fees.

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