Types of Retirement Accounts

Rolling over a 401(k) into a new or existing traditional or Roth IRA is just one option to consider. Options include roll it, leave it, move it, or take it.

Your contribution has already been taxed, so when you retire and start withdrawing, the money — and any potential growth in the account — may be tax-free.

With a traditional IRA, you can save on taxes upfront when you contribute and defer taxes until you withdraw the money.

Similar to 401(k) plans, these are tax–advantaged retirement plans only available to employees of nonprofit organizations such as public schools, hospitals and charities.

457 plans are tax-advantaged retirement plans offered by state and local public employers and certain tax-exempt employers.