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Rollover IRA

Investor Economic and Financial Education

What is a Rollover IRA?

A "Rollover IRA" is the name given to an IRA that holds money from a retirement account like 401ks or a 403b. Money from an employer's plan can be rolled over into a Traditional IRA.
In certain situations a Traditional IRA may later be converted into a Roth IRA.

IRS Compliant IRA Rollover

You have a few options with your 401k plan from a former employer.
In almost all cases, a transfer to an IRA Rollover account is the best option for wise investors.
For long term retirement security it is imperative to have a sound savings plan such as an IRA and control and flexibility are key to ensuring financial success.
Included in your choices are these options:


You can transfer the money into a Traditional IRA or IRA Rollover account (Request Information on IRA Rollovers) - these accounts offer the same tax deferred status as 401k plans but offer you more flexibility and control of your investment options.
If the you opt for a Traditional IRA, you can also continue to contribute up to the annual limit.


You could leave the money where it is - one drawback of this method as that you must rely on your former employer for account management


You can pay a penalty, take the money out, and spend it. This option is strongly advised against as you would be subject to both the 10% IRS withdrawal penalty (up to age 59 1/2) and the withdrawal would be taxed as ordinary income
With Atlantic Financial, your accounts will handled by a professional who is able to offer far more advice than most order takers at fund companies and other discount brokers. You will never receive high pressure sales pitches and we only give advice when it is requested.
Clients of Atlantic Financial have access to over 18,000 mutual funds.

What is a Rollover IRA?

A "Rollover IRA" is the name given to an IRA that holds money from a retirement account like 401ks or a 403b. Money from an employer's plan can be rolled over into a Traditional IRA.
In certain situations a Traditional IRA may later be converted into a Roth IRA.

401ks, Rollover IRA, and Other Retirement Accounts

You may also wish to rollover a current retirement plan you have with a bank or investment firm into a new IRA account with different options depending on your needs, goals and financial situation.

Get Started with your IRA Rollover Today

If you have a retirement plan from a bank, investment firm or former employer and need to move it into a Rollover IRA account, we would be happy to assist you. Atlantic Financial's IRA accounts have the widest selection of investment options including stocks, bonds and over 18,000 mutual fund choices. Atlantic Financial helps you select from over 18,000 mutual funds to find the funds that best meet your needs.


Open an IRA account and request transfer forms be mailed to you. Transfer forms will enable you to transfer retirement accounts, 401ks, and other holdings.



Once you receive the transfer forms from Atlantic Financial, sign them and return them to us with a copy of your retirement account statement from your retirement account.




After your new retirement account is opened and we have received your signed transfer form, your retirement plan will be transferred into an IRA with Atlantic Financial.



Your Atlantic Financial IRA account is now opened and your assets are transferred, you will be able to work with a Financial Advisor and choose from over 18,000 mutual funds and numerous other investment options.



 








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