Financial Education

Handling your 401k when Changing Jobs

When you make a career switch, you also need to decide what you’re going to do with your 401k.

Should you leave the funds where they are or take your plan with you? Should you roll the money into an Individual Retirement Account (IRA) or transfer it to your new employer? Here are some choices:

• Take the money and run — You can withdraw your 401k in a lump sum and use the funds to meet expenses or invest elsewhere. Because these distributions involve complex tax issues, it’s always wise to consult a professional for more information.

• Another option is to simply leave resources in your old employer’s 401k and let them grow tax-deferred. However, you may not always have this opportunity, because some companies require you to take your money or withdraw it once you reach normal retirement age.
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Make the Most of your Equity

Home is where the heart is.

And it’s where the cash is, because you’re building equity 24/7.

Turn it into serious green with an America First loan:

  • Low rates
  • Flexible terms
  • No closing costs or annual fees
  • Potential tax advantages

Now’s a great time to make those upgrades, consolidate your debt — pretty much take care of anything you need.

Apply for your Home Equity Loan or Line of Credit today.

Equal Housing & Opportunity Lender.

Make the Most of your Home Equity

equity every day, 24/7.

A low-rate America First Home Equity Loan or Line of Credit can turn it into some serious green.

Which means money you can use to finance improvements, make upgrades, go on your dream vacation, consolidate debt — pretty much whatever you need.

With values going up and loan rates staying low, there’s never been a better time to take advantage of these resources.

Apply online here or visit a branch near you for additional information.

Equal Housing & Opportunity Lender.