If You’re 59 ½ or Older, You May Have More Control Over Your 401(k) Than You Think
It’s called an in-service rollover, and it allows eligible investors to move part of their 401(k) into another investment account while continuing to contribute to their employer plan.
Many employer retirement plans allow individuals age 59½ or older to move a portion of their 401(k) into another investment account without taxes or penalties, while continuing to contribute to their employer plan.
A Small Window. A Big Planning Opportunity.
If you’re still working and haven’t reviewed your 59½ options, now is a great time to explore your options.
At Tower Trust & Investment Company, we’re fiduciaries. That means we’re legally required to put your interests first.
If your plan allows it, an in‑service rollover may help you:
- Avoid being limited to your employer’s investment menu
- Build a retirement income strategy around your timeline
- Prepare your portfolio for market ups and downs near retirement
- Coordinate Social Security decisions for long‑term benefits
You’ve spent decades building your retirement savings. The years just before retirement are when strategy matters most.
Download our free guide:
“The 59½ Rule: What It Is, Whether You Qualify, and How to Use It”
Takes about 5 minutes to read No login required No obligation or sales call unless you want one
Download our free worksheet:
“The 59½ Plan Review Worksheet”
Organize the information you already haveIdentify key questions worth asking
Availability depends on your employer’s plan rules.