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IRARollover

About IRA Rollovers
Rollover means to move money from a 401(k) or other qualified retirement plan into an IRA. If you receive a payout from your company-sponsored retirement plan, choosing a Rollover IRA could be to your advantage. You will continue to receive the tax-deferred status on your retirement savings and you will avoid penalties and taxes (restrictions, limitations and fees may apply).
Alternate textIt's a good idea to keep your Rollover IRA separate from any other IRA's you might have because once you make contributions to a Rollover not from a company sponsored plan, you lose the right to move this Rollover to a company sponsored plan in the future.
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