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Topics include education, estate, insurance, investment, retirement and risk management planning as well as basic tips for budgeting.

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.