My blog has moved! Redirecting…

You should be automatically redirected. If not, visit http://finance.webaplex.com/ and update your bookmarks.

Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Sunday, April 30, 2006

How to Do an IRA Rollover

  • Never have your old employer send you your 401k money directly for you to roll over
  • Always open an IRA account somewhere(discount brokerage house preferably) and have them contact your old employer and your old employer sends your 401k money directly to your discount brokerage house (e.g. TD Ameritrade, Scottrade.com, or Muriel Siebert)
  • If you do not do this you will lose 20% of that 401k money to withholding and pay and extra 10% penalty for early withdrawal (if you are not of age to withdrawal).

2 Comments:

  • At 6/13/2006 7:02 AM, Anonymous Rick J said…

    I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
    the indexes easily.

    Take a look at Wallstreetwinnersonline.com

    RickJ

     
  • At 7/19/2006 5:26 AM, Anonymous stock market investment research said…

    Hi Blogger, I found your blog quite informative.
    I just came across your blog and wanted to
    drop you a note telling you how impressed I was with it.
    I give you my best wishes for your future endeavors.
    If you have a moment, please visit my stock market investment research site.
    Have a great week!

     

Post a Comment

<< Home