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Is a Rollover into an IRA the Right Move for You as a AMN Healthcare Services Employee?

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Choosing an IRA rollover means that your money remains tax-advantaged and capable of growth, as in a AMN Healthcare Services-sponsored plan. You may also gain more investment options than what may have been available in your AMN Healthcare Services-sponsored plan. You may also gain oversight of managing these important retirement assets from your trusted Advisor.

If you roll your retirement plan assets over into an IRA account that you already own through your Advisor, you also receive the benefit of combined statements and holistic investment planning, making it easier to track your overall financial situation.

'Receive the benefit of combined statements and holistic investment planning, making it easier to track your overall financial situation.'

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Some of the benefits of rolling your money into an IRA include:

Tax-deferred growth potential: This generally avoids current income tax and distribution penalties when removed from a AMN Healthcare Services-sponsored retirement plan.

More investment choices: This allows for additional contributions, if eligible. IRAs can be combined and handled by one provider, thereby reducing trustee costs and consolidating statements. Protection from creditors in federal bankruptcy proceedings. The combined amount of your required minimum distributions (RMDs) can be taken from any of your Traditional, SEP or SIMPLE IRAs.

However, there are also some important considerations that AMN Healthcare Services should make before rolling over their money into an IRA, these include:

Internal management fees might be higher than in a AMN Healthcare Services-sponsored retirement plan.
Fees and expenses depend largely on the investments you choose.
Loans from an IRA are not allowed.
Early distributions may be subject to a 10% IRS tax penalty in addition to income tax.
RMDs begin April 1 following the year you reach 70½ and annually thereafter; leaving the money in the former Fortune-500 plan may allow RMDs to be delayed until separation from service.
IRAs are subject to state laws governing malpractice, divorce, creditors (outside of bankruptcy), and other lawsuits; leaving the money in the former AMN Healthcare Services-plan may provide additional protection against creditors.
Net unrealized appreciation (NUA) is the difference between what you paid for employer securities and their increased value. You lose favorable tax treatment of NUA if the funds are rolled into an IRA.

Hopefully, these insights will be helpful as you plan your retirement from AMN Healthcare Services.

For more information about this topic, view our e-book here: https://retirekit.theretirementgroup.com/will-your-retirement-plan-retire-with-you-e-brochure-offer

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What type of retirement savings plan does AMN Healthcare Services offer to its employees?

AMN Healthcare Services offers a 401(k) retirement savings plan to help employees save for their future.

Is there an employer match for contributions made to the 401(k) at AMN Healthcare Services?

Yes, AMN Healthcare Services provides an employer match on employee contributions to the 401(k) plan, subject to certain limits.

How can employees enroll in the 401(k) plan at AMN Healthcare Services?

Employees can enroll in the 401(k) plan through the AMN Healthcare Services benefits portal or by contacting the HR department for assistance.

What are the contribution limits for the 401(k) plan at AMN Healthcare Services?

The contribution limits for the 401(k) plan at AMN Healthcare Services are set according to IRS guidelines, which may change annually.

Can employees take loans against their 401(k) balance at AMN Healthcare Services?

Yes, AMN Healthcare Services allows employees to take loans against their 401(k) balance, subject to the plan’s specific terms and conditions.

What investment options are available in the AMN Healthcare Services 401(k) plan?

The AMN Healthcare Services 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

How often can employees change their contribution amounts to the 401(k) at AMN Healthcare Services?

Employees at AMN Healthcare Services can change their contribution amounts to the 401(k) plan on a quarterly basis or as specified in the plan guidelines.

What happens to my 401(k) if I leave AMN Healthcare Services?

If you leave AMN Healthcare Services, you can choose to roll over your 401(k) balance to another qualified retirement plan or withdraw the funds, subject to tax implications.

Does AMN Healthcare Services offer a Roth 401(k) option?

Yes, AMN Healthcare Services offers a Roth 401(k) option, allowing employees to make after-tax contributions and potentially enjoy tax-free withdrawals in retirement.

Are there any fees associated with the AMN Healthcare Services 401(k) plan?

Yes, there may be administrative fees associated with the AMN Healthcare Services 401(k) plan, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

AMN Healthcare Services has recently undergone a restructuring process, resulting in layoffs affecting several departments. The company has also announced changes to its benefits packages, including reductions in healthcare and retirement benefits. These updates have been discussed on various news sites, including www.thelayoff.com.

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For more information you can reach the plan administrator for AMN Healthcare Services at 12400 High Bluff Drive San Diego, CA 92130; or by calling them at (866) 871-8519.