IRA Rollovers

If you are changing jobs, or are retiring and anticipate receiving a distribution from your employer’s retirement plan, you may find yourself in a tax bind if you do not rollover your distribution into an IRA or another qualified plan within 60 days. If you do not complete the rollover within 60 days from the date you receive the funds from your previous IRA, a mandatory 20% withholding tax is applicable in addition to other penalties that may apply. We urge you to speak with your tax advisor or one of our IRA Specialists for complete details about IRA Rollovers.