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JOB CHANGE

If you receive a distribution from a 401(k) or other retirement plan due to a job change, you may find that managing this large sum of money can prove to be more of a challenge than originally anticipated. Before you decide to take the distribution in cash, consider this—you could lose up to 50% of your distribution to taxes and penalties. That’s why many investors choose to transfer their assets to a Rollover Individual Retirement Account (IRA).

A Rollover IRA gives you many advantages, including:

  1. Tax-deferred growth. Your money will continue to grow tax-deferred until you start taking distributions.
  2. More investment choices. You can choose from a wide variety of investment choices.
  3. Enhanced diversification. Because you're not limited to the investment options offered by the retirement plan, you can further diversify your portfolio.
  4. Greater flexibility. An IRA allows more options for your beneficiaries than an employer-sponsored plan, which may require that you name your spouse as beneficiary unless he or she signs a waiver. You may also have more distribution options before age 59½ than you would with an employer-sponsored plan.*

A Wachovia Securities Financial Advisor can help you understand your investment choices, diversify to suit your goals, and rebalance your plan on a regular basis. With the help of a Wachovia Securities Financial Advisor, you also receive the guidance you need to stick to your plan and potentially achieve your long-term investing goals.

Rollover IRA
When you retire or change jobs, you can continue tax-deferred investing simply by transferring your retirement assets into a Rollover IRA.
Learn More About Investing with a Financial Advisor
Find out how a Wachovia Securities Financial Advisor can help you protect investments when a job change is on the horizon.
Open a 401k Rollover IRA
Learn more about opening a Rollover IRA with Wachovia Securities.

10/06 0706-30990

* Taxes will be due at ordinary income tax rates upon distribution. Withdrawals prior to age 59½ may be subject to a 10% tax penalty. With an IRA, you may be able to make penalty-free withdrawals prior to age 59½ for certain reasons such as higher education expenses and first-time home purchases ($10,000 lifetime limit).
This site is provided for your information and does not constitute tax advice. Please consult with your accountant or tax advisor for specific guidance. Withdrawals from an IRA made prior to age 59½ may be subject to a 10% IRS penalty in addition to ordinary income taxes.

Wachovia Securities is not a tax or legal advisor.

Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate

Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.

Member FDIC. Only deposit products are FDIC insured.

Wachovia Securities Statement of Financial Condition
Audited - December 31, 2007 This document requires Adobe Acrobat Reader.
Unaudited - June 30, 2007 This document requires Adobe Acrobat Reader.

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