Thanks to its vast array of ultra-low-cost 澳洲幸运5官方开奖结果体彩网:index mutual funds and 澳洲幸运5官方开奖结果体彩网:exchange-traded funds (ETFs), Vanguard has become one of the largest investment companies in the world. It's also popular for those who are looking to roll over retirement savings from a workplace 澳洲幸运5官方开奖结果体彩网:401(k) plan to an 澳洲幸运5官方开奖结果体彩网:individual retirement acco꧑unt (IRA). Many investment companies have worked to keep the rollover process as simple as possible to attract assets, and Va🧜nguard is no exception.

To avoid delays in the rollover process, it's important to know what to expect and what information is required to complete the transaction. Here are five things to be aware of.

1. Paperwork Required

To get the rollover started, you need to contact both Vanguard and your employer. You can use Vanguard's website to initiate the 澳洲幸运5官方开奖结果体彩网:rollover to an IRA.

First, you need to select what type of account you need for your IRA. You can choose to purchase Vanguard mutual funds and ETFs directly from the company, or you can open a brokerage account for access to funds from non-Vanguard providers, as well as individual stocks, bonds, and 澳洲幸运5官方开奖结果体彩网:certificates of deposit (CDs). Include a recent copy of your🎀 quarterly 401(k) s🦄tatement to verify your account information.

Many employers have their own rollover paperwork that you need to fill out to release the funds from your 401(k). You nܫeed to complete 🌄this and return it to your employer with the instructions that the rollover check be made out and sent directly to Vanguard.

Once you have completed all of your paperwork, the rollover typically takes around two to four weeks to complete.

2. Fees and Costs

Vanguard does not charge you any processing fees to complete your rollover. In most ♓cases, your employer does not charge you any type of fee either.

Depending on how much money you are rolling over and which investments you choose, certain fees may apply. Vanguard charges a $25 annual account maintenance fee unless you register for online access or you enroll in electronic statement delivery.

Brokerage accounts may carry additional costs. Purchases of Vanguard index funds and ETFs come without any transaction costs, but buying shares of non-Vanguard mutual funds and products may come with fees. Additionally, purchases of individual stocks, bonds, or 澳洲幸运5官方开奖结果体彩网:options contracts come 𝓡with their own c✤ommission schedule, which depends on the overall balance of the account.

3. Available Investment Choices

One of the great benefits of rolling over your retirement dollars to an IRA is the vast wealth of 澳洲幸运5官方开奖结果体彩网:choices it gives you. Whereas 401(k)s are generally limited to a handful of investment options, almost any type of security or investment is 澳洲幸运5官方开奖结果体彩网:available in an IRA.

When you roll over your 401(k) to a Vanguard IRA, you have access to 澳洲幸运5官方开奖结果体彩网:Vanguard's lineup of hundreds of index mutual funds and ETFs. If you are choosing a brokerage account for your IRA, you get access to the Vanguardꦇ family of funds as well as most other fund family products, in addition to indivi𒐪dual stocks and bonds.

4. Indirect Rollovers

Some employers may choose to send the rollover directly to you instead of to Vanguard. This is known as an 澳洲幸运5官方开奖结果体彩网:indirect rollover. If this happens, forward the check to Vanguard without delay. The money needs to arrive at Vanguard within 60 days 澳洲幸运5官方开奖结果体彩网:so you can avoid any IRS penalties.

5. Rolling Over Roth Accounts

Many employers now offer a 澳洲幸运5官方开奖结果体彩网:Roth 401(k) option within their retirement plans. If you are interested in rolling over a Roth 401(k) to Vanguard, the process is essentially identical. You would just be moving your money into a Roth IRA instead of a traditional IRA, with no additional costs involved.

The Bottom Line

Before you decide to roll over your 401(k) to a Vanguard IRA, it's important to understand what to expect, the fees and rules involved, and what information you'll need to provide—to your former employer and Vanguard—to complete the transaction.