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401(k) & 403(b)

SIMPLE IRAs, 401(k) plans, 403(b) plans and 457(b) plans allow employees and employers to make regular contributions towards retirement. Employees can elect to take a portion of their paycheck and have those dollars invested for their future. Plus the employer may elect to contribute money for each employee, either through contributions or as a separate lump sum from the company's profits or operating capital. Common to all employee retirement plans are rules which establish an employee's eligibility for the plan.

Employee money is not at risk should they leave their employment. The same is true for employer contributions once the employee is fully vested. Retirement plan money can be rolled over into a Traditional IRA or another similar retirement plan.

Some IRA’s have contribution limitations and tax consequences for early withdrawals. For complete details, consult your tax advisor or attorney.

Before deciding whether to retain assets in a 401(k) or roll over to an IRA, an 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. Please view the Investor Alerts section of FINRA website for additional information.