Here we go over what a Rollover IRA is as it can be very confusing as there are a lot of financial terms out there and they can get confusing. Essentially, a Rollover IRA is an account that allows for the transfer of assets from an old employer-sponsored retirement account to a traditional IRA. The purpose of a rollover IRA is to maintain the tax-deferred status of those assets. The main time this can happen is when you leave a job and move to a new one. The funds that you left behind in a #401k or a #403b can be ROLLED OVER into an #IRA. This is a Single Topic video that is designed to help you get understanding of one portion of the full presentation I give on Understanding IRA's which is almost 15 minutes long. If you want to learn more, you can reach out to me or schedule time with me directly. Here is the link to my scheduling calendar: I look forward to chatting with you at a time convenient to you. In the full video on Understanding IRAs you will get
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)