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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.
Not FDIC insured | May lose value | No bank guarantee
You could lose money by investing in the Money Market Funds. Although each of the Money Market Funds seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Funds’ sponsor has no legal obligation to provide financial support to the Funds, and you should not expect that the sponsor will provide financial support to the Funds at any time.
The Money Market Fund and the Municipal Money Market Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors.
An investment in a Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”), any other government agency, or The Northern Trust Company, its affiliates, subsidiaries or any other bank.
Please carefully read the summary prospectus or prospectus and consider the investment objectives, risks, charges and expenses of Northern Funds before investing. Call 800-595-9111 to obtain a summary prospectus or prospectus. The summary prospectus and prospectus contain 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.
©2020 Northern Funds | Northern Funds are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.