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Just having a 401(K) doesn't mean you're making the most of it.

There's no doubt a 401(k) is one of the easiest ways to save for your retirement. But having one and maximizing it are two very different things.

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THIS IS YOUR FUTURE WE'RE TALKING ABOUT

Helpful 401(K) Planning Tips

iconFail to Plan? Plan to Fail

Develop a proper plan, preferably in conjunction with an investment or financial advisor.

iconHands out of the Cookie Jar

Never touch your 401(k) before you retire; it means paying additional fees and less returns.

iconKeep it Rolling

If you are changing jobs, don’t forget to think about rolling over your previous 401(k) to your new employer.

icon1% Makes a 100% Difference

Follow the 1% rule; i.e., try and increase your savings by a percent each year and you won’t feel the pinch.

iconPatience is a Virtue

If you work into your retirement years, keep your 401(k) till you actually retire.

iconA Helpful Guide Doesn't Hurt

Get help with your investments. It is your retirement you are preparing for and you want to be stress-free.

HELPING YOU AVOID COSTLY 401K MISTAKES

Because what you don't do is just as important as what you choose to do.

Unbalanced portfolios, unnecessary rollovers into IRAs; we have seen it all and can help prevent you from making some costly mistakes.

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We have Answers

401K Planning Frequently Asked Questions

  • Are there any ongoing costs for a 401K rollover or IRA management?

    Are there any ongoing costs for a 401K rollover or IRA management?


    There may be an annual maintenance fee ranging from $1 to $40, depending on the types of investments you choose.

  • What information should I have ready to begin the 401K Rollover process?

    What information should I have ready to begin the 401K Rollover process?


    You'll be asked to present your U.S. Social Security number and one valid form of identification.

    Acceptable forms of ID include:

    • Driver's license
    • State ID
    • Military ID
    • Passport

    ​You will also need to provide personal information, including:

    • Date of birth
    • Former mailing address(es)

    Finally, you will need to provide a statement for your current plan, as well as general information on your chosen owner or successor of the account if something were to happen to you (this person does not need to be present).

  • How much does it cost for MutualFinancial Investment Services to complete a 401K rollover for me?

    How much does it cost for MutualFinancial Investment Services to complete a 401K rollover for me?


    There is no charge or service fee to rollover your 401K.
  • Why would I want to rollover my 401K from my previous employer?

    Why would I want to rollover my 401K from my previous employer?


    The main reasons you’d want to rollover a 401K from a previous employer are to consolidate accounts from multiple employers and to gain investment options.
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Are there any ongoing costs for a 401K rollover or IRA management?
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Are there any ongoing costs for a 401K rollover or IRA management?

There may be an annual maintenance fee ranging from $1 to $40, depending on the types of investments you choose.

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What is an IRA?
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What is an IRA?
An IRA is an Individual Retirement Account that you make contributions to on your own, without the help or matching benefits of an employer.
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What is a Roth IRA?
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What is a Roth IRA?
A Roth IRA is like a regular IRA, except that you deduct the money you put into it from your taxes. With a regular IRA, you do not pay taxes on the money that you put in, so you pay taxes on the total amount when you take it out. With a Roth IRA you pay taxes as you contribute money, so there is no tax charged on future withdrawals.
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Will I owe taxes on my 401K rollover?
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Will I owe taxes on my 401K rollover?
No. Rolling over your 401K is always tax-free.

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