Benefits
Your money can continue to grow tax-deferred.
You have your retirement assets conveniently consolidated with one provider.
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Benefits
Your money can continue to grow tax-deferred.
You can keep your assets in the same investments.
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Keep in mind
The plan may not accept certain types of rollovers from other plans, or Roth or after-tax money.
Make sure the rollover funds go directly from your old plan’s trustee to your new plan’s trustee to avoid having income tax withheld on the taxable portion of your distribution.
There may be a waiting period before you can move your money into your new plan.
Your investment options are limited to what is offered in your new plan.
You’re subject to the rules and restrictions of your new plan.
To roll a retirement plan account from a former employer to a new American Funds plan, you’ll need an Incoming Rollover Requestform, available from the American Funds plan’s representative.
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Keep in mind
Your investment options are limited to what is offered in the plan.
You’re still subject to the rules and restrictions of the plan.
If your account balance is $1,000 or less, your plan might cash you out. If your balance is between $1,000 and $5,000, your plan might roll your balance into an IRA selected by your former employer.
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