T. Rowe Unveils Rollover Ed. CD

March 23, 2004 (PLANSPONSOR.com) - T. Rowe Price has introduced a free interactive CD-ROM to help investors better understand their plan distribution rollover options when they switch jobs or retire.

According to a company announcement, the T. Rowe Price Rollover Planner:

  • reviews the pros and cons of various retirement plan distribution choices
  • details the process of moving the money and the tax implications of each option
  • offers guidance about making appropriate investment decisions.

The Rollover Planner has interactive exercises that help investors examine their savings and make the best financial choices. The program helps investors weigh the need for immediate cash (which may be subject to a 10% withdrawal penalty and income taxes) as opposed to what they might gain by rolling the money into an IRA.

In addition, the Rollover Planner helps make the rollover process less confusing by explaining the differences between direct and indirect rollovers, how to handle outstanding loans from current 401(k) plans, and the options available if the current plan includes company stock, the announcement said.

To order the free CD-ROM investors should call 800-401-1802 or logon to  www.troweprice.com/rollover .