A rollover IRA lets you move your money out of a previous employer’s
retirement plan or other IRA account and into an IRA that you control.
The IRS allows for a tax-free, penalty-free rollover of your retirement savings from a previous employer’s qualified retirement plan to an IRA in your name.
Whether you are changing jobs, taking a break from work, or just looking for a new way to invest money you have in an old employer’s plan, a rollover IRA can be a great tool to stay on track for retirement success.
When you leave an employer, you have options available to you and your retirement savings. Consider all of the options available before you make a decision to rollover your retirement savings. In most cases, the decision to move your retirement account is yours to make.
The info to the right provides a brief explanation of the distribution alternatives that may be available to you.