401(k) Rollovers & IRA Consolidation
Simplify Your Retirement Savings
Make the Most of What You’ve Built
If you’ve changed jobs throughout your career, chances are you’ve left behind one or more retirement accounts. Managing multiple plans across different providers can lead to duplicate investments, higher fees, and a lack of visibility into your overall strategy. At Freedom for Living Financial Services, we help you take control by rolling over old 401(k)s and consolidating IRAs into one streamlined, easy-to-manage account. This approach allows us to build a cohesive plan that keeps your savings aligned with your long-term goals, reduces unnecessary costs, and simplifies your financial life.
How We Help With Rollovers
Clear Steps, Thoughtful Advice
Our goal is to make the rollover process stress-free, helping you avoid costly mistakes and ensuring your money keeps working hard for you.
401(k) Rollovers
Transfer funds from a previous employer’s plan directly into an IRA to avoid taxes and penalties while unlocking more investment choices.
IRA Consolidation
Combine multiple IRAs into a single account for simplified management and better coordination with your retirement strategy.
Tax-Smart Strategies
Evaluate potential tax implications and create a rollover plan that minimizes surprises and keeps your financial plan on track.
Questions About 401(k) Rollovers?
Here’s What You Need to Know
Why should I roll over my old 401(k)?
When you leave a job, your 401(k) stays with your former employer’s plan, which often means limited investment options and higher administrative fees. Over time, this can chip away at your savings. Rolling over your 401(k) into an IRA gives you more control over your investments, often reduces fees, and provides a clear view of your retirement picture. At Freedom for Living, we’ll guide you through the process step by step to ensure your rollover is smooth and your savings continue growing without interruption.
Are there penalties for rolling over a 401(k)?
No, as long as the rollover is done correctly. A direct rollover moves your funds from your old plan straight into a new IRA, avoiding taxes and early withdrawal penalties. However, mishandling the process—like receiving the funds directly—can trigger taxes and penalties. That’s why it’s crucial to work with a professional who can handle the details and prevent costly mistakes. We’ll make sure everything is set up properly so you can feel confident about your transition.
Should I consolidate my IRAs?
If you’ve opened multiple IRAs over the years, managing them separately can lead to overlapping investments and missed opportunities to optimize your portfolio. Consolidating your IRAs into one account makes it easier to track your progress, coordinate your strategy, and ensure your investments align with your goals. We’ll help you evaluate whether consolidation makes sense for you and guide you through a process that protects your hard-earned savings.
How do I know if a Roth IRA conversion makes sense?
A Roth IRA conversion involves transferring funds from a traditional IRA to a Roth IRA and paying taxes on the converted amount now in exchange for tax-free withdrawals later. This strategy can be a powerful tool for some investors, but it’s not right for everyone. We’ll analyze your current income, future tax expectations, and retirement timeline to determine whether a conversion aligns with your long-term goals. Our goal is to help you make an informed decision that strengthens your financial future.
What makes Freedom for Living different?
We know that every financial situation is unique, which is why we take the time to understand your big picture before making recommendations. As an Ethics Approved Registered Financial Consultant (RFC®), Ron Rogers provides guidance you can trust—focused on your goals, not on selling products. With over 17 years of experience, we offer the expertise and personal attention you deserve to make confident decisions about your retirement savings.