IRA rollover accounts are so important because of the sheer size of the values of these accounts. Frank Spady, CEO of Self-Directed Alliance located in Las Vegas, Nevada, estimates that IRA rollover assets are projected to be:
- $5.4 Trillion - 2009
- $5.9 Trillion - 2010
Where can IRA rollover assets come from? There are many sources that can fund an IRA rollover account. Typically funds for an IRA rollover account come from a qualified employer retirement plan or an IRA an individual had previously established for himself/herself. Examples of potential IRA rollover funding sources include:
- Transfer from previous employer 401(k) plan at employment termination or retirement
- In-service distribution and subsequent transfer from an employer 401(k) plan
- Transfer from a defined benefit (DB) or profit sharing plan
- Rollover from existing IRA accounts
- Transfer from an Individual 401(k) account
- Transfer from a 403(b) account
- Transfer from a 457 account
- Transfer from a SEP IRA account
- Transfer from another eligible account
If you have any of the above named retirement plans, or have any other retirement accounts, please check with your tax, financial, and legal Advisors as to the opportunity for you to transfer these funds at the appropriate time to an IRA rollover account. |
