Simplify Retirement with a 401(k) Rollover to Jacobs Financial

If you’ve changed jobs, your old 401(k) may still be living at your last employer. Let’s give it a better home. A direct rollover can keep your savings tax-advantaged in one coordinated plan.

Request Your Rollover Review(616) 622-4654(616) 622-4654

Why clients choose a rollover with Jacobs Financial:

Trusted guidance, clear next steps, and a plan that fits your goals.

Consolidate scattered accounts into one clear plan

Keep tax advantages with a properly executed direct rollover

Choose your Roadmap: Income • Growth • Legacy

Cut confusion and potential fees

Plan distributions for dependable lifetime income

Local guidance from a dedicated team that you can trust

How we make it easy — in 3 simple steps:

Assess — a quick call to understand your accounts and goals.

Meet with us — at one of our local offices to answer questions and confirm details.

Seamless Transfer — we handle the transfer and consolidation.

Schedule your reviewCall (616) 622-4654Call (616) 622-4654

Rollover IRA vs. leaving money in an old 401(k)

Consideration	Rollover IRA	Old 401(k)
Account visibility	Everything in one place	Assets remain scattered by employer
Investment choice	Typically broader selection	Limited to plan lineup
Tax treatment	No current tax with a direct rollover; preserves pretax/Roth status; Roth IRA has no RMDs.	Traditional 401(k) RMDs at 73; 20% withholding on cash withdrawals; plan rules limit flexibility.
Advice & distribution planning	Aligned to your Income • Growth • Legacy roadmap	Plan rules vary; guidance may be limited

Consider all features, fees, and risks before moving assets. Direct rollovers generally avoid current taxation. Distributions before 59½ may be subject to taxes and penalties. Roth 401(k) RMDs were eliminated starting in 2024; Roth IRAs have no lifetime RMDs for the owner.

Frequently asked questions

Will my rollover be taxed?

With a direct rollover (trustee-to-trustee), funds typically remain tax-advantaged. A cash distribution can create taxes and penalties. Consult your tax professional for your situation.

How long does a rollover take?

Many transfers complete in 1–3 weeks, depending on the prior plan provider. We’ll keep you updated at each step.

Do I have to meet in person?

No—happy to meet at our Grandville office or via secure video, whichever you prefer.

What if I have multiple old 401(k)s?

We can consolidate multiple accounts into one coordinated plan and review beneficiaries while we’re at it.

Maximizing Your Retirement Savings with 401(k) Rollovers

Understanding the importance of rolling over your 401(k) can significantly enhance your retirement savings strategy. A rollover allows you to consolidate your retirement accounts, making it easier to manage your investments and track your progress towards your financial goals.

By transferring your old 401(k) into an IRA or a new employer's plan, you can benefit from potentially lower fees, a wider range of investment options, and more personalized advice tailored to your retirement needs. This proactive step can help ensure that your hard-earned money continues to grow efficiently.

Understanding the Rollover Process

The rollover process involves transferring funds from one retirement account to another without incurring taxes or penalties. It is essential to understand the steps involved, including choosing the right type of account for the rollover and ensuring that the transfer is done correctly to maintain the tax-advantaged status of your savings.

To initiate a rollover, you typically need to contact your current plan administrator to request a direct transfer of funds. This process can often be completed online or through a simple phone call, making it a convenient option for those looking to simplify their retirement planning.

Benefits of Consulting a Financial Advisor

Consulting a financial advisor can provide valuable insights into the rollover process and help you make informed decisions regarding your retirement savings. Advisors can offer personalized strategies based on your unique financial situation, risk tolerance, and retirement goals.

With their expertise, financial advisors can help you navigate the complexities of different investment options, tax implications, and withdrawal strategies, ensuring that your retirement plan is robust and aligned with your long-term objectives.

Common Mistakes to Avoid During a Rollover

Many individuals make mistakes during the rollover process that can lead to unnecessary taxes or penalties. One common error is failing to complete the rollover within the required 60-day window, which can result in the funds being treated as a taxable distribution.

Additionally, not considering the fees and investment options of the new account can impact your overall retirement savings. It is crucial to conduct thorough research and seek professional advice to avoid these pitfalls and ensure a smooth transition of your retirement funds.

Simplify Retirement with a 401(k) Rollover to Jacobs Financial

Why clients choose a rollover with Jacobs Financial:

How we make it easy — in 3 simple steps:

Rollover IRA vs. leaving money in an old 401(k)

Frequently asked questions

We’re here to help

Grandville (Main)

Norton Shores

Lansing

Kalamazoo

Livonia

Maximizing Your Retirement Savings with 401(k) Rollovers

Understanding the Rollover Process

Benefits of Consulting a Financial Advisor

Common Mistakes to Avoid During a Rollover