{"id":12376,"date":"2018-04-03T09:00:44","date_gmt":"2018-04-03T16:00:44","guid":{"rendered":"http:\/\/www.marketriders.com\/investing\/?p=12376"},"modified":"2018-04-03T09:01:42","modified_gmt":"2018-04-03T16:01:42","slug":"investor-facts-ira-rollover","status":"publish","type":"post","link":"https:\/\/www.marketriders.com\/investing\/investor-facts-ira-rollover\/","title":{"rendered":"Investor Facts: What Is An IRA Rollover?"},"content":{"rendered":"

An IRA rollover is the choice of taking money from\u00a0your employer’s tax-deferred<\/a> retirement plan, such as a 401(k) or 403(b), and reinvesting it into a\u00a0personal individual retirement arrangement (IRA).<\/p>\n

Typically\u00a0this happens soon after retiring. It also can happen between jobs, especially if the new employer doesn’t offer a 401(k) or if the plan is unattractive.<\/p>\n

Sometimes, the terms “traditional” and “rollover” IRA are useful interchangeably, which can be\u00a0confusing.<\/p>\n

\"\"<\/p>\n

Both are IRAs. The only difference is the source of the savings being\u00a0invested.<\/p>\n

A traditional IRA<\/a> is funded by cash contributions by the saver.\u00a0A rollover IRA is funded by moving existing savings from an employer-run plan after you leave a job.<\/p>\n

 <\/p>\n

If you already own\u00a0a traditional IRA you can always choose to roll your workplace savings\u00a0into that account. You do not need to open a new IRA to do a rollover.<\/p>\n

Benefits<\/h2>\n

For many savers\u00a0it can be beneficial to “roll over” old retirement plans to an IRA.<\/p>\n

For one, you gain more control over the investment options. \u00a0Many employer plans by design are\u00a0limited in their investment choices.<\/p>\n

If your employer plan offers a low-cost, self-directed brokerage account, however, it may be beneficial to stay. These are rare, however.<\/p>\n

A caveat: If you leave your employer after age 55, most workplace plans will allow for penalty-free withdrawals. If not, the penalty period on withdrawals ends at age 59 1\/2 on funds moved into an IRA.<\/p>\n

Look for a low-cost brokerage firm<\/a> that offers low ongoing costs versus one that offers one-time perks, such as\u00a0free money or free trades.<\/p>\n

A good brokerage will provide a large selection of commission-free exchange-traded funds (ETFs) and index funds.<\/p>\n

MarketRiders, Inc. is a registered investment adviser.\u00a0 Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.\u00a0 Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and\/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.<\/i><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

An IRA rollover is the choice of taking money from\u00a0your employer’s tax-deferred retirement plan, such as a 401(k) or 403(b), and reinvesting it into a\u00a0personal individual retirement arrangement (IRA). Typically\u00a0this … Read more →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":12413,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_rev_ctl_limit":""},"categories":[65],"tags":[],"yoast_head":"\nInvestor Facts: What Is An IRA Rollover? | MarketRiders<\/title>\n<meta name=\"description\" content=\"An IRA rollover is the choice of taking money from\u00a0your employer's tax-deferred retirement plan and reinvesting it into a\u00a0personal IRA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketriders.com\/investing\/investor-facts-ira-rollover\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investor Facts: What Is An IRA Rollover? | MarketRiders\" \/>\n<meta name=\"twitter:description\" content=\"An IRA rollover is the choice of taking money from\u00a0your employer's tax-deferred retirement plan and reinvesting it into a\u00a0personal IRA.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.marketriders.com\/investing\/wp-content\/uploads\/2018\/03\/dollar-941246_1920-1.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@marketriders\" \/>\n<meta name=\"twitter:site\" content=\"@marketriders\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MarketRiders\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.marketriders.com\/investing\/investor-facts-ira-rollover\/\",\"url\":\"https:\/\/www.marketriders.com\/investing\/investor-facts-ira-rollover\/\",\"name\":\"Investor Facts: What Is An IRA Rollover? 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