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When it comes to managing your retirement savings, a Rollover Individual retirement account (IRA) is a great option to transfer funds from an existing account, such as a 401(k), to a new account. However, one question that arises frequently is whether or not you can still receive employer matching contributions if you use a Rollover IRA. The answer to this question is unfortunately no - once you transfer funds to a Rollover IRA, you will no longer be eligible to receive employer matching contributions. Employer matching contributions are typically only available to employees who contribute to their employer-sponsored retirement plans, such as a 401(k) or 403(b) plan. This is because the employer match is usually offered as an incentive to encourage employees to save for retirement through
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 :)