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Rollover IRA

What is a Rollover IRA?

Rollover IRAs allow individuals to continue to defer taxes on cash or other assets they receive from an employer-sponsored qualified plan, such as a 401(k), 403(b), Money Purchase Pension, Profit Sharing, etc.

Who may open a Rollover IRA?

With more Americans changing jobs and many reaching retirement, there has been a large increase in the number of rollover IRAs. The proliferation of rollovers has been fueled by recent legislation which has made it much easier for individuals to move their retirement assets from one plan to another and paved the way for consolidation of accounts.

May they be combined with other assets?

YES! Rollover IRAs also offer the opportunity to consolidate assets and can be set up as self-directed accounts.

While there are no restrictions on the amount that can be rolled over from one account to another, there are rules about how it can be done.

For more information about IRAs and other retirement plans, contact us.