COTTAGE GROVE SENTINEL July 15, 2015
11A
How to handle an old 401(k)
Upon making the transition to a new job or
retiring, many people are unsure about what
to do with their 401(k) or other retirement
plans linked to their employer. Handling this
transition can be costly, and many men and
bank.
Some men and women may think they’re
depending on a person’s age, that’s a
potentially costly option that can incur
on to new companies.
!
withdrawal penalties and lets them continue
"
accounts until they
reach retirement age
and need to start
withdrawing money.
#
keeping money in an
employer retirement
is it protects
additional accounts
money into.
$
to keep their money in retirement plans
likely included certain language in those
"
may no longer be able to contribute to the
plan or take out plan loans. In addition,
when the time comes to withdraw money,
you may or may not be allowed to make
%
%&
retirement plan
'*+-/
&
2
can make the transition that much easier
"3
2
into your new employer’s plan, you may
be allowed to take out loans based on the
5
%
and plan loan eligibility should
employer.
into your new employer’s
options under the new plan.
2
2%#
2%#
%2%#
Many men and women look to
'*+-/
2%#%
2%#
&
!"
2%#
2%#
SOUTH LANE COUNTY
FIRE & RESCUE
SAVE MONEY. SAVE LIVES.
Ground Ambulance
Memberships
$65 per year
Ground Ambulance
&
Air Membership
$110 per year
Call 541-942-4493 for info.
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SPEECH?
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call for a hearing
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Cottage Grove
Life with ...
1498 E. Main Street
convenience
Simplify your daily routine with
amenities right outside your door.
• Anytime dining - Enjoy three meals per day in our dining room that is
open from 7am-7pm, (except on Sundays, we serve Sunday Brunch only)
• Washer & dryer in every apartment
• Wellness Center with state-of-the-art Technogym ® equipment
• Studio, one, and two bedroom apartments with large, walk-in closets
• Unique activities and classes offered
541.378.4332
2951 Coburg Road • Eugene, OR 97408
CrescentParkSeniorLiving.com
Half mile north of the Beltline on Coburg Road
$2,000 off
community fee waived*
*Move-in by 7/31/15
A SPECTRUM RETIREMENT COMMUNITY
541-942-8444
