If you’ve changed jobs, retired, or have multiple old 401(k) accounts from past employers, you’re not alone. Millions of Americans leave behind these accounts — often unmanaged, underperforming, or forgotten altogether.
But here’s the good news: Rolling your old 401(k) into a personal IRA can be done tax-free — and gives you more flexibility, control, and long-term financial advantages.
Here are just a few:
1. Option to Convert to a Roth IRA
You can convert some or all of your IRA to a Roth IRA. While you’ll pay taxes on the converted amount today, all future investment growth can be tax-free — and you’ll eliminate required minimum distributions (RMDs) in retirement.
2. Control Over Withdrawals
With an IRA, you decide when and how much to withdraw. Unlike a 401(k), you’re not limited by employer rules or plan terms.
3. Easy Beneficiary Management
You can update your beneficiary designations at any time — no HR paperwork or employer involvement needed.
Since 1989, Greenport Financial Advisers has been helping individuals and families plan for their financial future with confidence. We’re a second-generation, family-owned firm and a Registered Investment Adviser — which means we have a fiduciary duty to put your interests first, always. We are fee-only and never earn commissions.
👉 Let’s Talk!
Call Bill or Doug Griffing at 330.433.1800 to schedule a confidential, complimentary exploratory meeting.
No pressure. No obligation. Just a chance to make a smart decision.