The question, “How should you take your rollover 401k IRA distribution?” has the potential to cause confusion, not to mention tax problems. That’s because, in the eyes of the IRS, a 401k rollover and a distribution are two different types of transactions. And when you’re dealing with the IRS, it’s important to be precise with [...]
Should You Consider a Rollover 401k IRA?
Posted by bobrichards on March 23rd, 2010
A rollover 401k IRA is a specific type of IRA, or Individual Retirement Account. These accounts are created specifically for employees who want to rollover a 401k into an IRA and come in two different types – traditional and Roth IRAs. In general, these accounts are easy to set up – [...]
How to Choose a Rollover 401k IRA Account Provider
Posted by bobrichards on March 16th, 2010
Investing for retirement is a serious topic – and it’s no surprise that it’s one many people are uncomfortable with in light of the recent turbulence in the financial industry. If you’re thinking about performing a 401k plan rollover, you’ll want to be sure that the account provider you choose meets a number of different [...]
Rollover 401k to IRA
Posted by bobrichards on November 17th, 2009
To properly rollover your 401 plan balance into an IRA is a simple matter unless you make the big tax mistake explained below.