ROLLOVER ANALYZER

One way to take control of your retirement savings is to roll over your plan from a former employer

When you roll over a retirement plan, you generally don’t pay tax on it until you withdraw it at retirement. By rolling over, you’re saving for your future and your money continues to grow tax-deferred.


Also, most pre-retirement payments you receive from a retirement plan or IRA can be “rolled over” by depositing the payment into another retirement plan or IRA within 60 days.

This rollover checker can help you understand which rollover transactions are allowed.

Key Terms

In income:  rules covering contribution limits, earned income limits and withdrawal parameters

Separate accounts:  no limit to how many IRAs you can establish, but contribution limits will apply across all of your accounts 

 

In-plan rollover: aka an in-plan Roth conversion which involves moving pretax retirement funds from your work sponsored 401k or 403b to a designated Roth account

 

2-year Rule: the account must have been set up and funded 2 years prior to the rollover date

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This is not a recommendation to roll over assets nor investment advice and does not constitute a solicitation, recommendation or endorsement of any kind.  It is for educational purposes only, and does not address the circumstances of any particular individual or entity. Please understand that prior to a making a rollover decision that you understand the benefits or limitations of your options and the differences between plans and their related expenses, fees, investment options, distribution choices, tax treatments and other concerns specific to you, and we recommend that you consult with a qualified tax advisor.  

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