While leaving your money in your former employer's plan may be an option, one way to gain more control of your assets is to consolidate your retirement funds into a single individual retirement account (IRA). Email me with any questions: aleeman@ft.newyorklife.com

1. Rollovers:
The Impact It Can Have
On Your Retirement
Presented By: Andrew M. Leeman
Financial Services Professional
Agent, New York Life Insurance Company
Registered Representative for NYLIFE Securities LLC
(Member FINRA/SIPC)
A Licensed Insurance Agency
6100 Oak Tree Blvd.
Suite 300
Independence, OH 44131
B. (216) 532 3094
1
SRMU # 520424 exp. 01/23/2019This seminar and insurance sales presentation is for informational purposes only.
Neither New York Life Insurance Company, nor its agents, provide tax, legal, or
accounting advice. Please consult your own tax, legal or accounting professional
before making any decisions.

2. Important information about Rollovers
2
When considering rolling over the proceeds from a retirement plan to another qualified option, such as
an income annuity funded with a qualified account, please note that you have the option, among
others, of leaving the funds in your existing plan or transferring them into a new employer’s plan. You
should consult with the Human Resources department of the applicable employer to learn about the
options available to you and any applicable fees and expenses. Tax consequences may apply if you were
to withdraw the funds. You should consult with a tax or legal advisor. You should also know that
depending on the state where you resides, assets held in a retirement plan may enjoy greater
protection from creditors than in an income annuity. Services, as well as fees, expenses and liquidity
options available under an income annuity may be different from your retirement plan services, fees and
expenses. Also, your plan most likely has investment options that are not available in an income
annuity.
Beginning 1/1/15, you can make only one indirect (i.e., 60 day) IRA rollover in any 12-month period,
regardless of the number or types of IRAs you own (see IRS Announcement 2014-31); however, you
may continue to make an unlimited number of direct trustee-to-trustee transfers (transfers directly
between IRAs) as well as unlimited rollovers from traditional IRAs to Roth IRAs (“conversions”). You
should consult your tax advisor prior to effecting a rollover.

3. Today’s Agenda
• Understanding Rollovers
• Understanding Your Retirement Plan
• Evaluating Your Options
• What should I do next?
3

4. *Bureau of Labor Statistics –03/2015: https://www.bls.gov/news.release/pdf/nlsoy.pdf
Job Changers In The Market
4
According to the Bureau of Labor Statistics, the average person born in
the years 1957 to 1964 (younger baby boomers) held 12 jobs from the
age of 18 to 44.*
…that means 12 or more workplace retirement accounts.
1 2 3 4 5 6
7 8 9 10 11 12

5. Understanding Rollovers
5

6. 6
Rollover Defined
A rollover occurs when you withdraw cash or other assets from one
eligible retirement plan and contribute all or part of it, within 60 days, to
another eligible retirement plan.
Old 401(k) New IRA/Annuity

7. From Employer Programs to
Independent Control
7

8. Understanding Your
Current Retirement Plan
8

9. Understanding Your Retirement Plan
• 401(k)
• 403(b)
• 457(b)
• Traditional IRA
• SEP IRA
• SIMPLE IRA
9

10. 401(k) – Employer Owned Deduction Retirement Plan
10
• Used by "for profit" companies
• Allows for both employer (profit
sharing) and employee contributions
(salary deferral)
• Several types available:
Traditional, SIMPLE, Safe Harbor,
Solo, one participant
• Typically used by larger
companies.
Employer
For Profit
Employee
401(k)
Contribution
required
Contribution
optional

11. 403(b) – Employer Owned Deduction Retirement Plan
11
• Used by "non-profit" organizations
• Allows for both employee and
possible employer contributions
• Typically used by schools,
government entities, church
organizations, and 501(c)3
organizations
Employer
Non Profit
Employee
403(b)
Contribution
required
Contribution
optional

12. 457(b) – Employer Owned Deduction Retirement Plan
12
• Used by "non-profit" organizations
• Allows for both employee and
possible employer contributions
• Typically used by local, county, and
state government entities and
501(c)3 organizations
Employer
Non Profit
Employee
457(b)
Contribution
required
Contribution
optional

13. SEP – Simplified Employee Pension
13
• Employer funded plan (no
employee contributions)
• Typically used by micro businesses
and self-employed
Employer
For Profit
Employee
SEP
NO EMPLOYEE
CONTRIBUTION
Contribution
optional

14. SIMPLE IRA – Savings Incentive Match Plan for Employees
14
• Allows for both employee and
employer contributions
• Can be used by any business with
fewer than 100 employees
Employer
For Profit
Employee
SIMPLE IRA
Contribution
required
Contribution
required

15. What are your options?
15
Client’s
401(k)
Take
Lump
Sum
New 401(k)
Traditional IRA
Roth IRA
Rollover
to New
Plan
Leave
Money in
Plan
Option 1 Option 2 Option 3

16. Take the Money In a Lump Sum
16
Advantages
• Money available to spend or reinvest
Disadvantages
• 10% IRS premature distribution
penalty (if under age 59 ½)1
• Will have to pay federal and possibly
state and local taxes
• 20% is automatically withheld for
taxes
• A distribution may move you to a
higher tax bracket
• Loss of tax-deferred status
1. Unless certain conditions are met.

17. Leave the Money in Your Current Plan
17
Advantages
• Continued tax-deferred potential growth
• Defer paying income taxes and avoid
possible early withdrawal penalties while
monies remain in the account
• Little or no paperwork
• Potential for special penalty-free
distributions1
• Assets may continue to receive protection
from creditors
• Potential for investment management
fees that are lower than in an IRA
• Potential company match, if still
employed
Disadvantages
• Limited investment options and support
• No additional contributions
• Potential limits on withdrawals and
exchanges between investments
• Entire plan is subject to the former
employer’s discretion (e.g., investment
changes, blackouts, and restrictions)
• Limited withdrawal options for your
beneficiaries
• May be difficult to maintain a cohesive
retirement planning strategy if assets are
in multiple locations
1. Must have separated from employment in the year you reach age 55 or older.

18. Move the Money to Your New Employer’s Plan
18
Advantages
• May have access to funds through
plan loans
• Continued tax-deferred potential growth
• Defer paying income taxes and avoid
possible early withdrawal penalties while
monies remain in the account
• Assets may continue to receive protection
from creditors
• Potential for investment management
fees that are lower than in an IRA
• RMDs can be delayed until separation
from service1
• Potential company match
Disadvantages
• Limited investment options and support
• Potential limits on withdrawals and
exchanges between investments
• Entire plan is subject to the employer’s
discretion (e.g., investment changes,
blackouts, and restrictions)
• Limited distribution options for your
beneficiaries
• May be difficult to maintain a cohesive
planning strategy if assets are in multiple
locations
• May require a waiting period
1. After taking the current year’s required minimum distribution (RMD) prior to the rollover.

19. Rollover to a Traditional IRA
19
Advantages
• Continued tax-deferred potential growth
• Defer paying income taxes and avoid possible
early withdrawal penalties while monies remain
in the account
• Additional contributions allowed to age 70½
• Larger selection of investment choices
• Possible withdrawal options that may not be
available from employer-sponsored retirement
plan
• Certain distribution penalty exceptions available
only with IRAs
• Possible conversion to a Roth IRA
• Potential for increased options for beneficiaries
(ex. stretch IRA)
• More likely to work with financial
professional
Disadvantages
• Loans are not available from IRAs
• Possible decreased protection of assets from
creditors
• Fees may be higher than those in retirement
plan

20. Rollover to a Roth IRA
20
Advantages
• No income limits to qualify
• Continued tax-deferred potential growth
• Qualified withdrawals are tax free
• Larger selection of investment choices
• Possible withdrawal options that may not be
available from your employer-sponsored
retirement plan
• Additional contributions allowed if income limits
are met
• Certain distribution penalty exceptions available
only with IRAs
• Potential for increased options for beneficiaries
(ex. stretch IRA)
• More likely to work with financial
professional
Disadvantages
• Loans are not available from IRAs
• Possible decreased protection of assets from
creditors
• Must pay taxes in the year of the rollover,
preferably with assets outside of the retirement
account
• Must hold for 5 years, and until age 59½ in
order to make tax free distributions

21. 21
Why a Direct Rollover?
1.
Consolidation
2.
Convenience
3.
Choice

22. When should you consider
a rollover?
22

23. 23
Key Life Events that trigger
Financial Planning Needs
*10% early withdrawal penalty is waived only if you are separated from service in the year you turn 55
Job LossRetirement Job Change
DeathDivorce Disability
Early
Retirement
Reach Age
59½
Reach Age
70½
Reach Age
55*
In-Service
Withdrawal
Moving
Locations

24. Important Milestones to Know
24
Age Milestone
50 Eligible to make catch-up contributions
55 Can withdrawal from 401(k) without a 10% penalty*
59½ Tax penalty-free IRA distributions
62 Receive reduced Social Security benefit
65 Eligible for Medicare benefits
66 Full Retirement Age (1943 - 1954)**
67 Full Retirement Age (1960 and later)**
70 Latest age for Social Security benefit increases
70½ Begin Required Minimum Distributions from IRAs & 401(k)s
*10% early withdrawal penalty is waived only if you are separated from service in the year you turn 55
**If you were born between 1954 and 1960, your full retirement age will be between 66 and 67.

25. Does This Describe You?
25

26. Is This You?
26
I Have
Changed
Jobs
I Am
Thinking
About
Retirement
I Am
Currently
Retired

27. Meet Jane
• Jane is a 50-year-old job
changer planning on
retiring in 10 years
• She changed jobs twice
in the last 15 years
• Jane has not managed
the assets from her
former employer
• Jane is concerned about
securing her retirement
income
27
Have You Changed Jobs?

28. Are You Thinking About Retiring?
Meet the Jones’
•The Jones’ are 53-
year-old pre-retirees
•They both would like
to retire in 8 years
•Having flexible
investment options is
important to them
28

29. Have You Already Retired?
Meet Tom
•Tom is a 66-year-old
retiree who’s making
decisions about his
retirement today
•He retired 6 months
ago
•His priority is future
retirement income
•Tom has a conservative
risk-tolerance
29

30. 1.
Contact your New
York Life Agent /
NYLIFE Securities
financial services
professional
Rollovers Are Easy as 1, 2, 3
30
2.
Learn about
your rollover
options
3.
Choose from a
variety of
financial
products and
investments

31. Thank You!
31
Presented By: Andrew M. Leeman
Financial Services Professional
Agent, New York Life Insurance Company
Registered Representative for NYLIFE Securities LLC
(Member FINRA/SIPC)
A Licensed Insurance Agency
6100 Oak Tree Blvd.
Suite 300
Independence, OH 44131
B. (216) 532 3094