401(k) Rollovers in Lenexa, KS

Whitehead Financial helps Lenexa, KS residents understand their options for 401(k) money left at a former employer. Lucy Whitehead is an independent broker who serves clients in Lenexa and explains rollovers step by step, with no charge and no management fees.

The City of Lenexa points to access to six major highways: I-70, K-10, I-35, U.S. 69, K-7 and I-435 (City of Lenexa). Combined with a short average commute of 19.4 minutes (U.S. Census Bureau QuickFacts), that means Lenexa residents can switch employers across the metro without uprooting. Each switch can leave a retirement plan behind. Lucy helps you track down those accounts and decide what to do with each one.

The mechanics matter. According to the IRS, a direct rollover moves money straight into another plan or IRA with no taxes withheld. A distribution paid to you instead comes with mandatory 20% withholding, even if you intend to roll it over, and you generally have 60 days to finish the rollover (IRS). Lucy explains these steps so you know what to ask your old plan for before any money moves.

If you've worked for a school, city or the state, you may also have KPERS benefits. KPERS reports 155,688 active members, and 87,634 of them are school employees (KPERS). Lucy can help Lenexa clients see how a KPERS benefit and an old 401(k) could work together in retirement. She doesn't give tax advice, so she'll suggest a tax professional for questions about your own return.

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