Table of ContentsWhen should I use a rollover to my IRA?Is there a downside to an IRA rollover? When should I use a rollover to my IRA?That depends on your particular needs and circumstances. Here are some reasons you might want to roll over distributions to your IRA:You want to, or have to, take a distribution from your employer’s plan and want these funds to continue to grow tax-free in your own IRA.As a self-employed individual, you are terminating your Keogh plan or retiring from business and want to continue the tax shelter for these distributions.You are the beneficiary of a deceased person’s retirement plan and want to continue the tax shelter for these distributions in your own IRA.Back To TopIs there a downside to an IRA rollover?Here are some of the disadvantages of an IRA rollover:Rollovers from company or Keogh plans may take away your spouse’s right to share in plan assets.IRAs can’t claim the limited tax relief allowed on lump-sum distributions.To avoid tax hassles, rollovers should be done between the trustees of the plans involved. In other words, the check should not be made out to you personally, but to the trustee of the rollover account.Back To TopAlso See…Your Retirement Plan: How To Get Started Developing a Financial Plan: Frequently Asked Questions 10 Retirement Saving Tips Social Security Benefits: How To Get The Maximum Amount Social Security Benefits: Frequently Asked Questions Should You Count On Social Security? Annuities: How They Work and When You Should Use Them Annuities: Frequently Asked Questions Investment Options: Frequently Asked Questions Retirement Plan Distributions: When To Take Them Retirement Plan Distributions: How To Take Them Retirement Plan Distributions: Frequently Asked Questions Retirement Assets: Frequently Asked Questions Roth IRAs: How They Work and How To Use Them The “SIMPLE” Plan: A Retirement Plan for the Really Small Business Disability Insurance: Frequently Asked Questions Long-Term Care Insurance: Frequently Asked Questions Traditional vs Roth IRAs: Frequently Asked Questions How Much Will I Need To Save For Retirement? Social Security Retirement Income Estimator When Should I Begin Saving For Retirement? How Much Can I Contribute To An IRA? Should I Convert To A Roth IRA? What Is My Projected Required Minimum Distribution? Becoming A Millionaire

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