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

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

How Should You Take Your Rollover 401k IRA Distribution?

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 your terminology. Continue reading