Your Retirement Savings

What to do with a distribution you receive from a qualified retirement plan is an important decision in your financial life. For many employees, a rollover to another qualified plan or an Individual Retirement Plan is a smart option. A rollover distribution allows:

• You to defer paying income tax
• Your retirement account to continue growing on a tax-deferred basis
• Perhaps more control over your assets

Also, taking a cash distribution may cause you (if you are under age 59½) to incur an additional excise tax of 10%.

Once you decide to roll your retirement distribution into an Individual Retirement Account (IRA), you also have to decide how to invest your IRA. The Trust Company of Illinois i-Trust Asset Allocation program is designed to help you make key investment decisions. We will help figure out the appropriate asset allocation mix. To implement the portfolio mix, our program utilizes five allocated portfolios. Each portfolio is diversified and designed to meet various risk/return objectives.