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You can put all or part of your lump sum pension or retirement savings plan payout in a rollover IRA.

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WHAT IS AN...
IRA ROLLOVER?

IRA Rollovers If you're leaving your job or retiring and you have a 401(k) account, a rollover IRA can be a good choice.



If you're leaving your job or retiring and don't know what to do about your 401(k) account, you may want to choose a rollover IRA. It's the one alternative that's always available if you want to keep your assets and any future earnings tax deferred. A rollover IRA also offers you the most flexibility in choosing investments. And it gives you the most control over withdrawals when you're ready to start using the money.

 


Disclaimer: This information is provided with the understanding that the authors and publishers are not engaged in rendering financial, accounting or legal advice, and they assume no legal responsibility for the completeness or accuracy of the contents. Some charts and graphs have been edited for illustrative purposes. The text is based on information available at time of publication. Readers should consult a financial professional about their own situation before acting on any information.