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 – most financial institutions offer them and they typically require very limited paperwork to establish. (more…)
Posts Tagged ‘401k Rollover to IRA’
How to Choose a Rollover 401k IRA Account Provider
Posted by admin 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 criteria. Let’s look at how to choose this company in more detail.
Why Should I Rollover My 401k?
For starters, performing a 401k direct rollover offers a number of different benefits, including a larger range of investment options and a more streamlined retirement investing process. Many corporate 401k plans restrict the number of investment options available to you, making it difficult to match the returns you can earn with an IRA account. Plus, if you perform a direct 401k rollover to IRA, you won’t owe any taxes or penalties on the transfer. (more…)