IRA & 401(k) Rollover in Kansas City

Some benefits of an IRA to 401(k) rollover include:

Access Your Money Earlier
A 401(k) allows earlier access to your funds compared to an IRA. You can withdraw from your 401(k) starting at age 55, whereas for an IRA, you need to be 59 ½ years old.

More Affordable
A 401(k) tends to have fewer fees than an IRA, especially for target-date funds.

Can Protect Against Creditors
IRA funds are only protected in bankruptcy up to a certain amount, while a 401(k) is completely protected.

A 401(k) Allows Loans
If you’re in need of emergency funds, you can receive a loan from your 401(k). An IRA doesn’t allow you to take loans, making it a less accessible option.

No RMDs
RMDs are required minimum distribution delays that an IRA will have. A 401(k) usually doesn’t have these delays.

You can experience the benefits of an IRA to 401(k) rollover in Kansas City at Schwantes Financial. Our experts can help you maximize the assets of your retirement plan.

Target-date funds focus on balancing your overall risk of investments. The target date is the date you plan to retire. Target-date funds help you balance your portfolio, and usually make up a decent portion of your total investments.
Target-date funds can be effective and convenient. They also protect investors from being overly reactive to changes in markets. They’re usually the default choice for a 401(k).

The ways you can attain target-date funds include starting a 401(k), opening a brokerage account, or purchasing them from fund providers.
Our professionals can educate you on how target-date funds can affect your IRA to 401(k) rollover in Kansas City at Schwantes Financial.