Timothy Sumer

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

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What are Rollover IRAs - What is Rollover IRA? 1-800-566-1002 What are the best types of Rollover IRAs and learn how you can avoid the most common mistakes that individuals have made when looking to set up a Rollover IRA. How to rollover your IRA Rollover IRAs allow you to consolidate old 401ks as well as other retirement accounts at work throughout your career. It's possible to continue saving for retirement while still having control over, flexibility, and a central view of all your investments. A rollover to an IRA is a transfer from a retirement plan (e.g., an employer-sponsored retirement plan) into an individual retirement account . Rollovers are used to preserve the status of assets that have been tax-deferred. Rollovers of Retirement Plans and IRA Distributions Rollovers to an IRA are used to keep 401(k), 403(b), or other profit-sharing assets. These assets are typically transferred from a qualified retirement plan or sponsored retirement account of the form