Rolling over your 401(K)

You've left your job, so what do you do with your retirement savings?

You can take the money and run. Not so fast-you'll probably have to pay federal income tax, possibly a penalty tax if under age 59½ and your money won't grow tax deferred anymore. Consider this hypothetical example:

Sam has left his job at XYZ, Inc. He chooses to cash out his 401(K) to pay the down payment on a new house. He cashes out $20,000. He now owes the IRS $2,000 as an early withdrawal penalty (10%) and he's going to have to pay the IRS federal taxes (since he's in the 27% tax bracket as a result of the distribution) he pays $5,400. He ends up with only $12,600.*

A better option is to roll it over. Rolling over your 401(K) retirement money into a Rollover IRA with Azzad is a great way to gain control. Plus, if done correctly, you'll preserve your account's tax-free growth.

Consider what you gain when you roll over your plan to an Azzad Rollover IRA:

• A disciplined, ethical investment approach: We combine financial expertise with an ethical investment philosophy to build a promising portfolio of companies you can respect.
• Choice of well diversified, professionally managed portfolios: Whether you choose to invest your Rollover IRA in the Ethical Wrap Program or the Azzad Funds, we offer a variety of investment objectives.
• Personalized guidance from experienced advisers: You'll gain expert advice from advisers who will guide you before and after you retire. They'll show you how much you'll need to save and the best way to manage your account. Already retired? They'll help you calculate required minimum distributions, and adjust your asset allocation to help you enjoy retirement.

Rolling over your 401(K) is easy. We'll take care of the details for you. Contact us at 888-862-9923 to get started.

Download IRA Rollover Application with the Azzad Funds

Download IRA Rollover Application with the Ethical Wrap Program