Move Your Investments to Your New Employer's Plan

Before you choose this option, it's also a good idea to explore the investment choices and any restrictions under the new plan. You may find that a Rollover IRA provides you with greater flexibility. Keep in mind that if you choose a rollover IRA, you'll still have the option of moving your investments into your new employer's qualified retirement plan at a later date – as long as you keep these assets in a separate account from your other retirement savings.

Advantages of Transferring to Your New Employer's Plan

• Avoids current income taxes, penalties, and the 20% mandatory withholding.
• Investments continue to grow tax deferred.
• Your retirement assets are in one place and are easier to track.
• If the new plan has a loan feature, you may be able to borrow your assets.

Disadvantages of Transferring to Your New Employer's Plan

• Investment choices are limited to the plan selections.
• Plan may limit withdrawals and exchanges between investments.

Any tax or legal information in this website is merely a summary of our understanding and interpretations of some of the current income tax regulations and is not exhaustive. Investors should consult their tax advisor or legal counsel for advice and information concerning their particular situation. Wells Fargo Funds Management, LLC, Wells Fargo Funds Distributor, LLC, nor any of their representatives may give legal or tax advice.