Nov 27

Complete a 401k rollover and move the assets to an Individual Retirement Account (IRA) Completing a 401k rollover is almost always the best. If you are unsatisfied with the choices available to you, completing a 401k rollover to an IRA may be a better option. A 401k rollover refers to moving a 401k plan from a former or current employer into either an IRA or another qualified plan. IRA stands for “individual retirement account” and has similar rules to the 401k. Your first inclination may be to cash out your existing 401k funds. Not all 401k and IRA plans have high internal expenses, but many do. One employee decides to leave his 401k with a former employer upon switching jobs, invested in sub-accounts through a variable annuity platform.

 

The other employee rolled his 401k over to a fee-based brokerage IRA. Investing money in a company 401k plan is an excellent way to save money. If you have questions about your 401k plan and would like to speak to an advisor, please feel free to give me a call. It’s time to consider whether your 401k plan should be changing too. The government is also attempting to reform the 401k procedure and create a new program designed to mitigate risk while improving on the sub par Social Security system. What is a 401k Rollover? A 401k rollover occurs when you change jobs or retire and then elect to transfer or “rollover” your 401k into a new IRA. This process of transferring a 401k with a previous employer into an IRA is referred to as a “401k Rollover”, “Rollover IRA” or “IRA Rollover.”

The assets in your 401k can be transferred from your 401k directly to an IRA via a trustee-to-trustee transfer. A direct rollover from a 401k to an IRA is made tax-free and there is no tax liability. There is no limitation on the dollar amount you can rollover from your previous employer’s retirement plan. We’ll help rollover your 401k, 403b or other retirement plan. You’ll find valuable insight to make the rollover process simple. 401k rollover information is right here! self directed ira, self directed ira with checkbook control, real estate ira, roth ira, self directed ira llc, self directed ira llc operating agreement, 401k rollover, self directed ira, buy or start a business or franchise with your 401k or IRA.

A self directed Individual Retirement Account is an IRA that requires the account owner to make investment decisions and investments on behalf of the retirement misdirected IRAs, by allowing a wide range of investment choices, improve the account owner’s opportunities to diversify their IRA portfolio. Some investments, such as life insurance or collectibles as defined by the Internal Revenue Service, are not permitted in IRA. Also, if real estate or any other investment asset held in a self directed IRA has been employed for personal use, or to gain any other personal benefit (other than a return for the IRA), in the view of the IRS or the Department of Labor, the IRA may become immediately taxable. In addition, if the IRA owner is younger than 59 1/2, the IRA will be subject to an early withdrawal penalty of 10%.Therefore, those interested in self directed IRAs should seek education offered by an unbiased source.

Did you know that you can purchase LAND in your IRA?

You can roll your IRA (traditional, SEP, Simple, or Roth) as well as some qualified 401(K), Solo 401(K) and 403(B), into carefully selected California land. California real estate is proven to be a particularly safe and rewarding long-term appreciation strategy.  

How is the land selected for investment?

Brooklyn Troy & Co looks to purchase land in undeveloped areas with a large amount of growth capacity. Our company acquires land for several master plan developers and is able to predict which areas will be in the direct growth path of major metropolitan areas. California has a current population of approximately 37 million. More than one in five Americans lives in California. More importantly it continues to grow at a rate of 500,000 annually and is projected to reach 40 million by 2013. Historically, land has produced the best long-term appreciation among the alternatives available for retirement plans.

What’s the No. 1 goal for investors?

Retirement, according to most polls. Yet not every investor has an individual retirement arrangement (or account, depending on whom you ask) — better known as an IRA. This is a travesty — a retirement-killing mistake. Every working American should have an IRA. Here are five reasons why.

How else will you retire?

If you don’t contribute to an IRA, how do you plan on paying for your golden years? Social Security? Your company’s traditional pension plan?
Unfortunately those sources probably won’t completely replace your pre-retirement income. Social Security and defined-benefit plans weren’t meant to subsidize this. On top of that, they both have their funding problems, depending on your age and whom you work for. So to enjoy the retirement you aspire to, you’ll need personal savings.

Some people choose to save for retirement through an employer-sponsored plan (e.g., 401(k), 403(b), 457) instead of an IRA. If your boss matches your contributions to the plan, this may be the better choice. But if that’s not the case, you would probably be better off in a Roth IRA (if you’re eligible), at least for a portion of your savings. Read “Don’t Max Out Your 401(k)” and “Why the Roth Rules” for the details, but generally, a Roth is much more flexible and might provide more after-tax retirement income. “After-tax” is the key, which brings us to number 2.
Lower taxes, lower taxes, and lower taxes. 


3 comments so far...

  • 401k Rollover | Self Directed IRA | Roth IRA, Traditional IRA, 401K | Self Directed Investor News Said on December 11th, 2009 at 5:40 am:

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  • begonae Said on January 19th, 2010 at 11:48 pm:

    Self Directed IRA – Pa 3 of 5 | Rollover IRA Roth: rollover IRA roth,401 k rollover to roth IRA , 401k rollover… http://bit.ly/7HVnz9

  • Darvas Box Said on February 21st, 2010 at 11:55 am:

    Just wondering if any active traders are starting to trade the ETFs? After reading the book by Larry Connors – High Probability ETF Trading – I switched and I would say overall my results have improved but there are fewer trading opportunities because of the small number of ETFs he writes about. ETFs seem to be a little less erratic in their price movement so that’s good but some of them have poor results using the systems he describes in the book.

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