IRA Rollover

Completing an IRA Rollover From, an Existing Retirement Account, or a Qualified 401k can be easy, but may be disappointing depending on what you roll into.

How can you rollover an IRA or qualified 401k? There are two ways you can convert your IRA or inactive 401k into an Individual Retirement Account (IRA).

1. Simply contact your new IRA provider of choice and request the paperwork to do a direct transfer of funds from your current custodian to your new, preselected custodian. By using this method you will not take delivery of the funds, and you will not need to do any extra paperwork for your tax returns. The rollover process will take between three and six weeks to complete under optimal circumstances. Your current custodian may also have their own forms, which you will need to complete before your transfer request is made. Make sure to contact them for disclosure of their 401k or IRA rollover requirements.
2. Call your new IRA custodian and ask them how payment should be made. Example: make the check payable to Custodian Name FBO (for the benefit of) Your Name. Another variation of this method is to call your custodian and have them send a check in your name. The government then allows you sixty days to roll it over to an approved IRA custodian. You should be able to complete this process within two weeks. Although the second method is much quicker, there will be a bit of extra information required on your tax return to confirm your rollover has been completed.

Either method, if done correctly, should not result in penalties. However, it’s always best to consult your accountant about your IRA and/or 401k rollover plans. If you are consolidating several accounts, seek professional guidance from your agent of choice.

Who Qualifies For an IRA and 401k rollover?

Any SEP, Roth or Traditional holder can transfer all or part of their retirement assets to one or more custodians without any restrictions. Owners of TSP, 401k, 457, and 403B plans can rollover to an IRA if they are no longer actively employed by the plan’s organization. This can also be accomplished once you reach a particular qualifying age, which could vary from plan to plan. If you have a non-IRA employer account, then it’s always recommended that you confirm your eligibility with the account administrator before beginning the transfer process.

The Dark Side of 401k and IRA Rollovers.

Are you transferring your retirement account because of losses in stocks, bonds or the dollar? Well, we all tend to seek change if our portfolios are going south. Simply switching from one stock- or bond-based retirement account to another may not necessarily bring about improved results. But you do have options.

The following charts show ten-year performance data for several traditional IRA and 401k investments, such as stocks and bonds versus IRA accounts backed by real gold. After you have reviewed the charts, I will let you know why this trend is likely to continue.

Keeping Up With Inflation Is What IRA And 401k Investment Is All About.

If your retirement investments had been in physical gold over the last nine years, you would have gained $500,000 for every $100,000 you invested — and it gets better!

Interest rates are currently at historic lows, and when they increase, inflation historically rises, as well as the value of gold. Stocks tend to either fall or lay flat as corporate debt becomes more costly. Current bonds are devalued because new bonds offer an increased rate. Think about the period 1970 through 1980, when the Dow fluctuated between 750 and 1000, and the dollar lost fifty-five percent of its spending power. History has taught us that having a bunch of dollars that can’t buy anything isn’t a solution.

I encourage you to get more information on solidifying your IRA or 401K rollover plans by investing in solid gold. Transferring a portion, or your whole account, is as easy as completing the information request below, or calling one of our IRA rollover consultants at 1-800-300-0715.