Indirect Rollovers That Can Cost You - PowerPoint PPT Presentation

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Indirect Rollovers That Can Cost You

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What if all of the time and money you invested in your retirement was done for nothing? That could happen with the new rules that apply to rolling over your individual retirement account (IRA). – PowerPoint PPT presentation

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Title: Indirect Rollovers That Can Cost You


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Indirect Rollovers That Can Cost You
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  • What if all of the time and money you invested in
    your retirement was done for nothing? That could
    happen with the new rules that apply to rolling
    over your individual retirement account (IRA).

3
The new rule limits individuals to one indirect
IRA to IRA rollover every 365 days.
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  • During an indirect rollover, you receive the
    check from one IRA and as long as it is deposited
    into another IRA within 60 days it is able to
    grow tax free.

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  • There is a simple solution to this. Instead of
    indirect rollovers, go direct. Direct rollovers
    can be done electronically from one IRA to
    another.

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Save your money and dont lose it unnecessarily.
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Check out website for more financial news
http//www.finlit.com/newsThank You
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