Guided 401(k) Rollover Quiz
Should you roll over your 401(k)?
Let’s find out together.
A 401(k) rollover is one of the most important retirement decisions you’ll make. This quiz walks you through the key questions to consider — with plain-English explanations at every step. No jargon. No obligation.
Your Personalized Quiz
Answer 5 quick questions
Your current employment status determines what rollover options are available. If you're still employed, you may have limited options until you separate from service.
What stage are you in with your 401(k)?
Common Questions
401(k) Rollover FAQs
What happens to my 401(k) when I leave my job?
You typically have four options: leave it with your former employer, roll it into a new employer's 401(k), roll it into an IRA, or cash it out. A direct rollover to an IRA or new 401(k) avoids immediate taxes and penalties. Cashing out triggers income tax plus a 10% early withdrawal penalty if you're under 59½.
Is rolling a 401(k) into an annuity a good idea?
It depends on your retirement goals. Annuities can provide guaranteed lifetime income and principal protection, but may have higher fees, surrender charges, and limited liquidity compared to other options. A licensed professional can help evaluate whether an annuity is suitable based on your full financial picture.
What are the tax implications of a 401(k) rollover?
A direct trustee-to-trustee rollover is not a taxable event — the money moves directly from one retirement account to another without you touching it. However, if you receive a check made out to you personally, 20% may be withheld for federal taxes and you have only 60 days to complete the rollover to avoid taxes and penalties.
Should I roll my 401(k) into an IRA or keep it where it is?
An IRA typically offers more investment options and lower fees than a 401(k). However, 401(k)s may have stronger creditor protections under federal law (ERISA) and allow penalty-free withdrawals as early as age 55 if you leave your job. Compare fees, investment choices, and creditor protections before deciding.
What is a direct rollover vs an indirect rollover?
A direct rollover moves funds directly from your 401(k) to the new account — no tax withheld, no penalty risk. An indirect rollover gives you the money as a check, but 20% may be withheld for taxes, and you must deposit the full amount into a qualified account within 60 days to avoid taxes and penalties.
Ready for a full retirement review?
A licensed professional can review your full situation — including rollover options, income needs, and suitability — at no cost and with no obligation.
Book a Free ReviewThis quiz is for educational purposes only and does not constitute financial, tax, legal, investment, insurance, or fiduciary advice. Always consult a qualified professional before making retirement account decisions. Annuity guarantees depend on the claims-paying ability of the issuing insurance company.