Print this page

Estimated reading time: 0 minutes, 36 seconds

Employers Beware: Think Twice About IRA Rollovers for Exiting Employees

“Roll over, Beethoven” was a popular Baby Boom anthem. These days, with ever-more Boomers nearing retirement, and changing jobs – often numerous times in the course of a typical career – many individuals are faced with daunting decisions. So reports The New York Daily News.

 

They can roll over their 401(k) plans to a self-directed IRA. They can consolidate myriad accounts into their current employer’s plan. They can also leave their retirement assets where they are. And now FINRA’s cracking down on broker-dealers that offer rollover plans to exiting workers as a no-brainer shift. So buyer beware: It’s all about choices, and there’s no shortage of them.

 

Read the full article from The New York Daily News.

 

Read 12869 times
Rate this item
(0 votes)