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I was recently downsized from my job and need to move my 401K, that is currently with John Hancock Pensions. I have questions and need more info on the process. Who should I speak with?
Susan, Lake Mary, FK
December 12, 2014 07:05:26 PM
In reply to Susan, Lake Mary, FK
Hi Susan, thanks for reaching out to us through TD Helps. We're glad to answer any of your retirement questions here!
As you are looking to transfer your existing 401(k), we would be able to file a direct rollover for you in one of two ways:
First, you could roll it over into one of our traditional retirement IRAs for a safe way to earn interest with no risk. You can take a look here for some helpful information to consider: http://bit.ly/1soncUL. Also, we encourage you to visit: http://bit.ly/1u2of1Y for details about the IRAs which are offered through TD Bank, including Savings and Term Deposit IRAs. Additionally, you can check out a list of our Frequently Asked IRA Questions here: http://bit.ly/1j4SCQq. Please feel free to call our IRA Department at 800-231-8193 Option 4 with any questions. They're available M-F 8am – 6pm EST & Sat 9am – 1:30pm EST.
The second way you could rollover your current 401(k) is into one of our IRA plans through our partners at TD Ameritrade. This would be a similar process, but could allow for more flexibility in structuring your retirement funds at a risk level you are comfortable with. For more information about our TD Ameritrade accounts and services, please view your available options here: http://bit.ly/1uwjOqD. And, for information specifically pertaining to your 401(k) rollover including step-by-step instructions, please see here: http://bit.ly/1uvyvQR. For questions or concerns, you can reach out to a Retirement Consultant 24/7 at 800-213-4583.
We hope this information helps Susan and please feel free to stop by again any time you have a question. Take care!
Cameron P, Mount Laurel
December 12, 2014 07:06:32 PM