If your employer offers a retirement plan as part of their benefits package, this will be the basis for your 401k rollover options. However, if your new employer offers a Simple IRA instead of a 401k rollover plan, your transfer options will be more limited. (more…)
Archive for the ‘Protect Retirement Savings’ Category
Protect Your Retirement Savings with Different 401k Rollover Options
Posted by admin on April 16th, 2010
When you initiate a 401k rollover, be aware that there are two different rollover options for you to choose from – direct or indirect rollover. The former offers greater protection for your retirement savings, while the latter may expose you to a potential tax burden. This isn’t to say that indirect rollover options are always a bad choice – just which the circumstances under which they’re the best choice are few and far between. (more…)
