Should you transfer your 401(k) to an IRA? If you have a 401(k) and are approaching retirement or changing jobs, consider a rollover IRA. A rollover is merely a transfer of 401(k) plan assets from your 401(k) to your IRA. If done correctly, it is not a taxable event.
Before deciding whether to leave your money in your former employer’s 401(k) or transfer it to an IRA of your choosing, here are few tips to keep in mind:
If you left your 401(k) with a former employer, you have four options:
We recommend you discuss each of these alternatives for your 401(k) with one of our Financial Consultants. They can help you identify which option is best based on your retirement goals and current financial situation.
$424,100
Buying in TN? Some counties are eligible for higher loan limits.
Click here for more details.
95%
of purchase price or appraised value, whichever is less.
VA loans
Freedom to invest your retirement funds how you prefer
Hands-on help with allocating and diversifying your assets
More control since you aren’t limited to your previous employer’s retirement plan or administration fees
Save even more on your homeowners insurance with these discounts!
Offered to owners of LEED-certified environmentally-friendly homes
You’ll save when you have more than one policy with Redstone Insurance Services
For members who have purchased their home in the previous year
Offered to members who own homes with alarms, detectors, and other security systems
Available to members who haven’t had a recent homeowner loss
You may be eligible for a discount if you get a new Redstone Insurance Services quote before your current policy expires
Home Equity Line of Credit
$150,000
Minimum loan amount $10,000.
100%
of the appraised value of your home
4.625%
Ready to apply for a Home Equity Line of Credit? It’s easy!
EVERY Redstone Visa credit card includes all of these features
Convenience
Quick and easy purchases
Visa is accepted all over the world
Warranty Manager Service: additional product registration to extend the manufacturer's original warranty on products you buy
Security
Zero-liability fraud protection
Monitor credit card activity with Credit Card Control
Real-time fraud monitoring and fraud text alerts
Identity theft assistance
Savings & Discounts
With Visa SavingsEdge®, you’ll receive discounts at select retailers when you use your Visa credit card.
Redstone Discounts!® when you use your card at many local businesses.
Additional Benefits
Travel and Emergency Assistance
24-hour Roadside Dispatch service
Auto Rental Collision Damage Waiver insurance coverage for cars rented with your Visa card
Warranty Manager Service manage, use, and extend the warranties of eligible items purchased with your Visa card
Securities and advisory services offered through LPL Financial, a registered investment advisor member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Redstone Federal Credit Union® deposits and are not NCUA insured. These products are not obligations of Redstone Federal Credit Union and are not endorsed, recommended, or guaranteed by Redstone Federal Credit Union or any government agency. The value of the investment may fluctuate, the return of the investment is not guaranteed, and loss of principal is possible.
The services offered within this investment site are available exclusively through our U.S. registered representatives and are available for U.S. residents only. LPL Financial Registered Representatives associated with residents of Alabama and Tennessee. Please note that not all of the investments and services mentioned are available in every state.
RFCU and Redstone Brokerage Services are not registered broker/dealers. LPL Financial is a separate entity from and not affiliated with RFCU or Redstone Brokerage Services. RFCU does not warrant, guarantee, or insure any product or service offered by LPL or Redstone Brokerage Services. Redstone Brokerage Services and RFCU do not provide tax advice. Please consult your tax advisor for your specific questions.
Must be RFCU member to obtain investment products. Must be eligible for membership and open a share savings account in order to join. A $5.00 minimum balance is required to open and mus be maintained in share savings account at all times. Fees and other restrictions may apply. RFCU and Redstone Brokerage Services are affiliated but separate entities.
Join the Conversation #RedstoneFCU
LOCATE A BRANCH OR ATM
Join The Redstone Family Today
Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.
This credit union is federally insured by the National Credit Union Administration.
Visa is a registered trademark of Visa International Services Association.
© 2020 Redstone Federal Credit Union (RFCU).
All rights reserved. Accessibility Statement.
This credit union is federally insured by the National Credit Union Administration.
Visa is a registered trademark of Visa International Services Association.
© 2020 Redstone Federal Credit Union (RFCU).
All rights reserved. Accessibility Statement.
Get Social