A Rollover IRA is an account that allows you to move or rollover funds from your previous employer retirement plan to your personal IRA.  An employer sponsored plan could be a 401(k), 401(a), 403(b), Thrift Savings Plan, 457 Plan, Simple IRA, SEP-IRA, Roth (IRA), Roth 401(k), defined benefit pension plan, profit-sharing plans, cash balance plans and Employee stock ownership plans (ESOP).

When you rollover these funds from an employer sponsored plan you preserve the tax deferred status of your investments and will not pay taxes or any early withdrawal penalties.

The benefits of rolling over employer sponsored plans to an IRA

Avoid taxes and penalties — Allows you to rollover the funds tax-deferred and not paying any early withdrawal penalties at the time of transferring the funds.

Investment choices — Gives you many investment choices where you otherwise might be limited with your employer sponsored plan.

Consolidate your retirement accounts — Reduce the number of different accounts that you may have with multiple employers sponsored plans.  By consolidating these accounts, you will be able to create a diversified portfolio.

Schedule a Meeting to Learn About Rollover IRA Accounts

If you are looking to create income for your retirement years, contact Safe Harbor to learn more. We offer a complimentary consultation to review your existing retirement plans and can provide guidance on the right IRA Account solution that will provide the money you need to live comfortably in your golden years. Contact us here or call at 614-760-0670 to schedule your initial consultation or to learn more about a rollover IRA accounts.