Rollover IRAs

08/09/2021 15 min Episodio 29
Rollover IRAs

Listen "Rollover IRAs"

Episode Synopsis

In this episode, Scott discusses Rollover IRAs: what they are, when they're relevant, & their benefits. Common reasons for establishing a Rollover IRA are:Consolidating where your accounts are heldLower fees than 401ksMore control over your moneyIf you have an old retirement account from a previous job, you may want to consider this for yourself. Scott points out some of the things to keep on your radar, how to start this process, and the benefits of doing a "direct transfer" to a Rollover account to avoid any potential penalties or taxes.