By Amber Deter An IRA rollover is a transfer of funds from one retirement account to a traditional or Roth IRA. The rollover is used to move assets from a 401k or similar retirement accounts. The funds can then be used with a new employer’s retirement plan or another account provider.
One main benefit of an IRA rollover is keeping your money safe from taxes. There is no maximum amount you can rollover. They can also provide a larger selection of investments. Let’s look at the details…
Direct vs. Indirect Rollover
The first and preferred rollover method is a direct rollover. Your money goes straight from …read more
