- Introduction
- Lump-Sum Distribution
- Annuity Distribution
- Rollover to a Traditional IRA
- The Roth IRA - How Does It Fit In?
- Rollover to another Retirement Plan
- Mandatory Withdrawals
Congratulations, you have saved up your hard earned money for retirement. All your planning and monitoring has paid off and now you really have something to show for it. This section will take you through the options you have when taking a distribution from your 401(k) plan upon retirement.
At retirement, you have to decide how you would like to take money out of your 401(k) plan. Your choices include a lump-sum distribution, an annuity, rollover to a traditional IRA, or rollover to another retirement plan (if you go to work for another employer). In addition, you need to be aware that, after you reach the age of 72, it will be mandatory that you start taking distributions.
Securities offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Farmers & Merchants Financial Services, Inc. is a subsidiary of Farmers & Merchants Bank. Infinex is not affiliated with either entity.
Securities and Insurance Products:
| Not Insured By FDIC or any Federal Government Agency | May Lose Value | Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate |
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