Can You And Should You Roll Over Your 401k, 403b, 457 Or Other Retirement Plans Into A Rollover IRA - MoneySmartGuides.com

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Can You And Should You Roll Over Your 401k, 403b, 457 Or Other Retirement Plans Into A Rollover IRA - MoneySmartGuides.com

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The idea of an IRA rollover, or a rollover IRA, isn’t necessarily a cosmic mystery – this happens all the time. You leave your job, and you rollover your 401(k) to an IRA. No problem, right?

If you are about to retire, or have an old 401(k) or company retirement plan it might make sense to establish a Rollover IRA. This is simply an account in which you “roll” over your company retirement plan into an IRA, without paying taxes or withdrawal penalties at the time of transfer.

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