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Retirement Planning
Rollover IRA
Suppose you are changing jobs or retiring, and you have actively participated in your employer's retirement plan. Your employer may require that you receive a distribution from your plan when you leave.
You now have several key decisions to make about the amount of your retirement savings that were in the plan:
- You can keep it.
- You can invest it fully in a rollover IRA.
- Or you can invest it partially in a rollover IRA.
Prior to rolling over assets from an employer-sponsored retirement plan into an IRA, it's important that you understand your options and do a full comparison on the differences in the guarantees and protections offered by each respective type of account as well as the differences in liquidity/loans, types of investments, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, possession of employer stock and reduction/elimination of guaranteed benefits from the pension plan.
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