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The term "rollover" refers to the process of moving retirement savings from a qualified retirement plan to an IRA, commonly referred to as a Rollover IRA, or to another qualified plan.
When you change jobs or retire, you may be eligible to receive a distribution from your employer-sponsored retirement plan. What will you do with your "lump-sum distribution"? Even if the amount seems modest, the money you invested represents important assets you'll need for retirement—assets you'll want to protect and grow.
A rollover gives you the opportunity to continue growing your retirement savings on a tax-deferred basis until you withdraw this money in the future.
There are two types of rollovers to consider:
Option #1: Request a direct rollover into a Rollover IRA, or into another qualified plan.
Option #2: Receive the distribution in a check made payable to you.
IRS CIRCULAR 230 NOTICE: This information is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see northerntrust.com/circular230.
Not FDIC insured | May lose value | No bank guarantee
An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.
Please carefully read the prospectus and summary prospectus and consider the investment objectives, risks, charges and expenses of Northern Funds before investing. Call 800-595-9111 to obtain a prospectus and summary prospectus, which contains this and other information about the funds.
Shares of the Northern Funds are offered only by a current Prospectus and are intended solely for persons to whom shares of US registered funds may be sold. This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Northern Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.
©2014 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.