IRAs have another function. If you are entitled to a lump-sum distribution when you leave an employer with a qualified rollover plan, you can simply rollover it to an existing or new IRA. Don’t worry about co-mingling rollover IRAs and the traditional IRA. That restriction went away some years ago. But, you can’t co-mingle a Roth and traditional IRA rollover accounts. (more…)
Posts Tagged ‘Rollover IRA Options’
How to Setup a Rollover IRA Account
Posted by admin on April 28th, 2010
If you’re looking to set up an IRA rollover account, you’re probably wondering how to accomplish this successfully, without incurring any unnecessary taxes and penalties. Luckily, the IRA rollover process isn’t as hard as it might seem. By understanding basic IRA rollover information, you can set up an IRA account that will enable you to build and grow your retirement savings. (more…)
Choosing an IRA Rollover Account Provider
Posted by admin on April 21st, 2010
If you’ve decided to perform an IRA rollover, you’ll obviously need to an IRA rollover account provider to receive the funds. But before you choose your provider, make sure you’ve considered all of the various types of accounts into which you can rollover your IRA, from a traditional IRA to a Roth IRA. Think about which rollover IRA account type makes the most sense for your short and long term financial goals. Made your decision? Great! Now it’s time to choose an account provider. (more…)
How to Transfer Funds to Your Rollover IRA Account
Posted by admin on April 16th, 2010
The best, most desirable option for transferring funds to your rollover IRA account is to request a transaction called a direct rollover. In this type of transaction, you begin with your rollover IRA account managers or trustees. Tell them you want a direct rollover of your IRA funds, using the exact phrase “direct rollover”. (more…)
What Types of Accounts is Eligible for a Rollover IRA?
Posted by admin on April 8th, 2010
In short, all IRA accounts can be targets for some type of rollover – it just depends on the nature and rules of both the originating account and the target account. You may be facing the decision to perform an IRA rollover because you have a new job or because you’ve left a job and want to consolidate your retirement investments in one place. Unfortunately, some of the things that you’ll need to do throughout the IRA rollover process will be determined by factors beyond your control. (more…)
Which Rollover IRA Option is Right for You?
Posted by admin on March 23rd, 2010
A rollover IRA allows you to consolidate all of those old accounts into one new one, making it easier to manage your investment options and plan for retirement. In addition, most rollover IRA accounts offer a wider range of investment opportunities than your old employer’s plan (more…)
