Rollover 401k IRA Options – What You Need to Know

There are so many different options for 401k rollovers that you might find yourself feeling stressed about the type of account you should open or how to best complete the transfer. The key to taking care of your 401k to IRA rollover is to first decide on what kind of IRA you want to open. This will depend on your current work situation and several other important lifestyle factors. Before you even begin to worry about how your 401k rollover will occur, you’ll need to sit down and decide on the kind of rollover account you want to open. Continue reading

How to Establish a Rollover 401k IRA

If you have a 401k, you probably started participating in the plan when you started a new job.  The 401k is an employer sponsored plan and, therefore, has a special place in your overall retirement plans, as many employers offer matching funds and other perks to encourage employee participation. However, a 401k isn’t always the best long-term home for your money.  Knowing how to begin 401k rollovers to and from this kind of plan will save you money and help keep your investments in that all important tax deferred status. Continue reading

Rollover 401k IRA Rules – Protect Yourself from Tax Penalties

If you’re performing a 401k rollover, you’ll want to protect yourself from any and all possible 401k rollover taxes. The big things to keep in mind about maintaining the tax deferred status of your investment are what kind of IRA your money is rolling into and how you should perform the rollover. Keep these two things in mind and you’ll protect yourself from a whole host of potential problems. Continue reading