If you have money in a 401k account and are in the process of changing jobs, be aware that there are a number of benefits to establishing a rollover 401k IRA account. In almost all cases, rollovers are better than withdrawals or payouts, as they allow you to continue saving money for your retirement and to defer taxes on the money you’re saving in 401k rollover account. (more…)
Posts Tagged ‘Rollover 401k IRA’
How to Establish a Rollover 401k IRA
Posted by bobrichards on April 8th, 2010
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. (more…)