An IRA is a tax-deferred retirement account for individuals. Depending on the type of IRA you choose, contributions could be tax-deductible or withdrawals could be tax-free. There are three main IRAs that you could consider rolling over into a solo 401k. There’s also the Roth IRA, which allows Roth contributions: you make contributions with after-tax dollars, […]
KEY SIMILARITIES KEY DIFFERENCES A rollover is the movement of funds and/or assets from one retirement account to another. Usually, it involves moving from one type of retirement account into a different type of retirement account – for example, rolling over your 401k into an IRA account. There are two types of rollovers: direct and […]
OVERVIEW There are three different ways to fund a retirement account. Contributions, transfers, and rollovers. While transfers and rollovers sound a lot like the same thing, the IRS classifies them as two different events, and there are separate rules and regulations around them. This guide will outline the main differences between a rollover and a transfer […]
If you forgot about an old 401k plan, you’re not alone. According to a study by Capitalize, there were over 25 million lost 401k accounts totalling $1.35 trillion in value in 2021. Finding a lost 401k account is actually quite easy. In most cases, it’ll be right where you left it – at your old […]
