Understanding Your IRA Rollover Options

You might think that an IRA rollover is simple and straightforward, and in some ways, it is. However, IRA rollovers are not one-size-fits-all ventures. No, when it comes to an IRA rollover, you actually have a few different options for transferring your funds.

For starters, you may be able to keep some of your savings or even all of your savings in the plan set up by your past place of employment. Or, if you’ve already got a new job, you may be able to take your funds

from your former employer’s plan to your new employer’s plan. You may even be able to do this in the form of an IRA, or if you wish, you can actually cash out the plan and receive your funds.

While you will likely have many or even all of these options at your disposal, it’s important to choose the one that will be the most beneficial for you. Fortunately, you don’t have to make this all important decision on your own; you can seek the help and expert advice of the financial pros at Platinum Financial Associates of Naperville.

Related articles

• Tax Guy: How to beat new IRA rollover rules (marketwatch.com)
• Planning for Your IRA Rollover (pfinvest.blogspot.com)