Navigate To Branch or ATM Rates Log in Go to Mountain America Credit Union Homepage Accounts Loans & Cards Services Investments Education Business 401(k) Options Know and understand your 401(k) options We'll help you determine where to put your money to work toward your retirement goals. Meet an advisor One of the reasons a 401(k) is great is because your assets are portable if you start a new job. Your rollover options typically include moving your assets to an IRA or your new employer’s retirement plan. Other options include taking a cash distribution or leaving the funds in your previous employer’s retirement plan. Each choice offers advantages and disadvantages, and you may engage in a combination of these options. We recommend you discuss each of these alternatives for your 401(k) with one of our Wealth Advisors. They will work with you to help you identify which option is best for your retirement goals and current financial situation. Meet an advisor 401(k) Options To help you decide which option is best, here are some pros and cons: Roll over to an IRA Pros The money will continue to grow tax-deferred. You may be given access to new investment choices. Cons You can’t borrow against an IRA like you can with a 401(k). You may have to pay annual or other types of fees. Leave your assets in your former employer’s plan Pros You have time to decide before taking action. Your earnings remain tax-deferred until you extract them. Cons You can no longer contribute to your former employee’s 401(k). The fees may be higher than what you’d pay with a new 401(k) account or IRA. Roll over to a new 401(k) Pros Any earnings you accumulate are tax-deferred. There’s a chance you can borrow against your new 401(k). Cons There could be negative tax implications from rolling over your previous company’s stock. Your investment choices may be limited with a new account. Take a cash distribution Pros It’s always a good idea to have cash on hand, especially if there is a financial need. Cons Sometimes the taxes and penalties are large for taking your 401(k) in cash. If you’re younger than 59.5, you will accrue a ten percent early withdrawal penalty that will be taxed as income. Check the background of this firm on FINRA's BrokerCheck. Certificates Earn more interest on your savings Get higher interest on a safe, low-risk certificate account. Investment terms available from 6 to 60 months. Learn more Money Market Accounts Turn your savings into earnings You can earn higher dividends than you would with a traditional online savings account. Learn more Must reads Your investment options Learn 5 ways to grow your nest egg. Read more Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Mountain America Credit Union and Mountain America Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mountain America Investment Services, and may also be employees of Mountain America Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Mountain America Credit Union or Mountain America Investment Services. Securities and insurance offered through LPL or its affiliates are: Not Insured by NCUA or Any Other Government Agency Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financial U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. Insurance products are not deposits, not an obligation of and not guaranteed by Mountain America Credit Union. Insurance products are not protected by the NCUA, may be subject to risk and, in the case of life insurance, may go down in value. Any insurance required as a condition of an extension of credit need not be purchased from the credit union and may be purchased from an agent or insurance company of the member's choice. Insurance products are not exclusive to Mountain America Credit Union members. Business conducted with Mountain America Insurance Services, LLC is separate and distinct from any business conducted with the credit union. Mountain America Insurance Services, LLC is a subsidiary of Mountain America Credit Union. 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