Do you ever wonder what happens to your 401(k) after you leave a job? Left to their own devices, the account can lead to lost money over the years, If you have left multiple jobs, that means you probably have multiple 401(k) accounts bleeding money. This is where Capitalize comes into play.
The platform will locate misplaced 401(k) accounts, open individual retirement accounts (IRAs) and consolidated retirement plans for you. Plus, they will do all of this for free.
Check out our investment bonus page for the best offers.
Read below for more information on what they have to offer.
Capitalize Features
Capitalize is a 401(k) rollover service that helps you transfer funds from an existing 401(k) into a new IRA. It’s designed for those with legacy 401(k)s from past employers. For most, these accounts sit idle for years, accruing fees and losing capital. To avoid this, Capitalize will move your money into an account that you can access freely, like an IRA.
Don’t already hold an IRA? It’s OK, Capitalize will suggest an account with one of its partners, such as Betterment, SoFi or TD Ameritrade. If you already have an IRA, simply link your account and Capitalize will do the rest.
Capitalize Fees
Rolling over your 401(k) with Capitalize is entirely free. That said, your new IRA provider might charge fees during the rollover process. These come from the provider, not Capitalize.
Capitalize earns money when you open an account with one of its partners. That partner pays Capitalize a referral fee.
 |
 |
Conclusion
Capitalize’s 401(k) rollover service is free and easy to use. They’ll locate your old 401(k), choose an IRA provider (if you don’t already have one) and transfer your funds for free. It doesn’t get much simpler than that.
