Whether you have left an employer and have an old company retirement plan or want to move your retirement assets to access new investment options, there are many reasons to consider moving retirement assets.
However, retirement accounts are like an eggshell—one wrong move and you can break its protective tax status forever, creating a significant taxable event with no looking back.
One way to move retirement funds to an IRA is through a “60-day rollover,” which is the distribution of funds from a qualifying retirement account payable to the account owner, who then has 60 days to redeposit the funds into another qualifying retirement account. While this approach to rollovers is common, it also leaves room for several errors you should be aware of before making any decisions.
Download “Avoiding 60-Day Rollover Mistakes in 5 Easy Steps” now!
For professional, trained expertise navigating your rollover options, contact our office at (877) 714-2362 to schedule a time for an appointment.
Walter F. Pardo CWS®, PPC™
An Ed Slott Master Elite IRA Advisor
22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938
Phone (877) 714-2362 | Fax 1 + (908) 325.0008