The Rollover IRA - Taking It With You
Many generations before us found jobs they kept for 20-40 years before retiring. But in our generation, we might have a job for a few years then find new employment to further our career or to find a better opportunity. Did you know you can take your Employer Retirement account with you when you leave? Your 401(k) or Roth 401(k) can be rolled into a Rollover IRA (Individual Retirement Account) or a Roth IRA, in your name. This is not a taxable event as long as you roll the funds directly into your IRA. You can find substantially more investment options outside of your Retirement plan. You will also have control of your own money. Leaving your retirement account adds one more account to keep track of. You can consolidate old Retirement plans together. There are many investment options you have to match your risk tolerance and time horizon.
Kabarec Financial Advisors Ltd. welcomes the opportunity to help you make sure any old IRAâ€™s are invested with your future in mind. Call us today to schedule your free consultation at 847-934-7777.