Making it Easier to Roll Over Your IRA
IRA Rollover Assistance
Whether you’re changing jobs or retiring and looking to simplify your accounts, our CFS* Financial Advisors are here to help.
What It Is
An IRA rollover is the process of moving your retirement savings from your retirement plan at work (401(k), profit-sharing plan, etc.) into an Individual Retirement Account (IRA). Rolling over to an IRA can allow you to keep your savings tax-deferred and typically gives you a broader choice of investments. The decision you make now can have an impact on your long-term retirement goals, so take time to carefully review your options with a CFS Financial Advisor at Citadel.
What You'll Get
We’ll analyze your retirement funds together to determine if we should roll over and whether it makes sense to transfer your retirement plan to a Traditional or Roth IRA.
Your CFS Financial Advisor at Citadel will make a recommendation based on your current retirement savings, risk tolerance, and your personal goals.
Shifts in your finances, changes in the markets, or new tax laws may affect your strategy over time. Your CFS Financial Advisor will monitor your plan and work with you to make adjustments and set new goals as needed.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of Citadel, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Citadel has contracted with CFS to make non-deposit investment products and services available to Citadel members.
**Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA and investor should consider various factors including but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock. Before you elect to open an IRA account and engage your investment representative, please review all account statements and disclosure documents related to the IRA and services to be provided under a new relationship and consult with a qualified tax advisor as needed. If transferring an existing retirement plan into an IRA, you should be aware that (i) Those assets will no longer be subject to the protections of ERISA (if applicable) (ii) depending on the investments and services selected for the IRA, you may pay more or less in transaction costs than when the assets are in the Plan, (iii) if you are between the age of 55 and 59 ½, you would lose the ability to potentially take penalty-free withdrawals from the plan, (iv) if you continue working past age 70 ½ and transferred your plan assets to a new employer’s plan, you would not be subject to required minimum distribution and (v) withdrawing assets directly would be subject to federal and applicable state and local taxes and possibly be subject to the IRS penalty of 10% if under age 59 ½.
Are my current retirement savings sufficient?
Are my current retirement savings sufficient?
One method of retirement planning is to project what you are currently saving and have accumulated to date and see if you will have enough to meet your retirement objectives. Use this calculator to determine when/if the money will run out during retirement and it will recommend additional savings if required.
Retirement Savings and Assumptions
Your current age (1 to 120)
Current annual income($)
Annual pension benefit at retirement($)
Spouse's annual income (if applicable)($)
Current annual savings amount($)
Current retirement savings amount($)
Current annual savings increases (0 to 10%)
Expected inflation (0 to 10%)
Desired retirement age (1 to 120)
Number of years of retirement income (1 to 40)
Income replacement at retirement (0% to 300%)
Pre-retirement investment return (-12% to 12%)
Post-retirement investment return (-12% to 12%)
Social Security override amount($)
Include Social Security benefits?
Pension increases with inflation?
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