IRA’s, 401ks & Rollovers

Making sense of your savings options

Individual retirement accounts (IRAs) and 401(k) plans are two common types of options for retirement planning. Understanding eligibility requirements and choosing the right vehicle for your savings goals can be a challenge, but the Rockland Trust Investment Management Group (IMG) is here to help. 

  • Traditional IRAs allow you to make contributions toward your retirement with pre-tax dollars. (Depending on your situation, your contributions may be tax-deductible — be sure to consult with a financial advisor.) Any withdrawal of funds from the account is treated as taxable income.

  • Roth IRAs let you make contributions with after-tax dollars. Your contributions aren't tax-deductible. However, when you withdraw funds from the account, the entire distribution is tax free. 

  • SEP IRAs allow business owners to make tax-deductible contributions on behalf of themselves and their employees.
  • 401(k) plans, which are set up by employers or sole proprietors, let employees defer a portion of their salary on a pre-tax or post-tax basis. 

IRA & 401(k) rollovers

Consolidating multiple retirement savings accounts can clarify your financial picture and facilitate allocation of funds based on your investment goals. For example, if you've left a job and want your retirement savings to carry over into a new plan, a rollover may be right for you. 

Rockland Trust IMG makes it easy to move and consolidate your old IRAs and 401(k)'s. If necessary, we'll even call your former employer with you to ensure transfer of funds. 

To Get Started with Rockland Trust IMG: