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You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.

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FAQs

401K Rollover Facts & Questions

How much does it cost to roll over my savings into an IRA?

As the process is a largely digital transfer with minimal paperwork involved, there is no cost involved. However, there are costs for our management services in the form of an annual fee will be deducted from your account on a quarterly basis and will reduce the overall performance of your account.

How long does a 401(k) rollover take?

Once we have located your 401(k) and have all the required information, typically the process takes between 2 to 3 weeks to complete.

How many years do I have to contribute to my 401(k)

There is no minimum contribution required with a 401(k). However, to maximise your 401(k) return there are suggested amounts that should be contributed.

Can I lose my 401(k)?

Like any investment vehicle, the value of your 401(k) can go up and down. When the Global Credit Crisis took hold in 2008, many 401(k) plans that were heavily linked to the stock market suffered huge losses. As with any investment plan, the key to minimising the effect of market swings is to ensure your money is spread across a number of asset classes rather than placing all your eggs in on basket.

How can I trace old 401(K)s?

Your first port of call should be to contact your old employer directly. However, if you don’t hold contact information for them, or they have been subject to a corporate merger this might not be an option. In this case, you will need to search for an old statement for contact details of the plan administrator. Alternatively, you can use the National Registry of Unclaimed Retirement Benefits to conduct a free search for any retirement plan balances held in your name.

Talk To An Adviser

You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.

Request A Call Back

By completing this form, you are consenting to receive telephone communication from Skybound Wealth Management LLC, in accordance with our Privacy Policy.
Thank you!
Your call back request has been received and we will arrange for a member of our team to call you at your desired time.
Oops! Something went wrong while submitting the form