THE BOTTOM LINE

According to the IRS Online Resource Guide, “A tax-deferred rollover occurs when you withdraw cash or other assets from one eligible retirement plan and contribute (transfer) all or part of it within 60 days to another eligible retirement plan.”  In the case of moving funds from a traditional custodian to a custodian that will allow truly Self Directed IRA investments, the rules are the same.

IRA Rollover or Rollover IRA

The terms Rollover IRA and IRA Rollover, have the exact same meaning and can be used interchangeably. Whenever funds are moved from an ex-employer’s retirement plan because of change of jobs, lay-off or retirement, a “rollover” maintains the tax-deferred status of the account.

One or more ex-employer accounts may be rolled into a Self Directed IRA, Checkbook IRA, Real Estate IRA or Solo 401(k), making it easier and more flexible to manage investments in “non-traditional” assets such as investment Real Estate or for Business Funding for working or start up capital.

If a Traditional, Roth, SEP or SIMPLE IRA has already been established with a custodian that only allows investments into their products (typically stocks, bonds or mutual funds), those funds can also be rolled into a new Self Directed IRA plan.

The chart below comes directly from the IRS website. It’s a good tool for determining which types of retirement plans are eligible to be rolled from one plan to another.

Prompt Service & Cost Effective

You can expect the process to rollover and transfer your funds to a new Self Directed IRA plan to take about 30 days.  If your current custodian is immediately responsive in releasing your funds, it will take even less time. Everything can be handled by phone, email, fax, express or regular mail. 

Additionally, you’ll find that our fee for this service is up to 40% less than other companies that perform the same or similar services.

Your Next Step

For immediate analysis of your situation and the best strategy for your investment interests, call us today at 877-229-9763.