Take Control with a Rollover IRA
Did you know that a significant portion of your nest egg may be
depleted by taxes if you choose to withdraw your retirement plan savings?
If you're changing jobs or about to retire, a Rollover IRA enables you to preserve tax benefits on savings from employer-sponsored retirement plans. By rolling your assets to an IRA, your nest egg remains intact, allowing you to stay on track to achieve your retirement savings goals. Furthermore, an IRA may offer greater investment choices and more flexible distribution options than your employer’s plan.
What is a Rollover IRA?
A rollover is the transfer of money from one retirement plan or account to another. To maintain
its tax-advantaged status, the money must be rolled into another tax-advantaged account.
A Legend Rollover IRA offers:
- The potential for continued tax-deferred growth
With a Rollover IRA, the tax-deferred status of your retirement savings is maintained and you avoid payment of current income taxes and possible early withdrawal penalties. This allows your savings to continue to grow tax-deferred, even when you begin to make withdrawals from the account.1
- A wide variety of investment options
A Legend Rollover IRA offers a wide variety of investment options and provides you with the freedom to change your investment strategy at any time. More investment choices means more opportunity to diversify2 your investments and replace them should your needs change.
- Professional investment management
Many investors lack the time and expertise required to make sound day-to-day investment decisions. With a Legend Rollover IRA, you may choose to subscribe to an
investment advisory service, where your assets will be monitored and managed by a team of professional investment analysts.
- Convenience
If you have retirement plan accounts from a few different employers and one or more IRAs, it may be challenging for you to keep track of them all. From handling statements from multiple providers to understanding your investment options with each, managing your portfolio can be frustrating and time consuming. By rolling your retirement plan assets into one IRA with multiple investment options, you can reduce the number of statements you receive, see all of your assets on a single website and complete all of your servicing with just one phone call.
- Consolidation
Holding retirement assets at several firms can also make it difficult to compare and select the investments that may help you achieve your long-term goals. Consolidating your retirement accounts can help provide a comprehensive view of your strategy, making it easier for you to choose and manage your investments.
- Control
With a Rollover IRA, you can separate your retirement assets from former employers and the rules particular to their retirement plans. You achieve complete portability and can select the investment strategy you believe will work the best. You also gain greater control over how your assets are disbursed among your beneficiaries, should you choose to leave an inheritance.
Contact your Legend Advisor to see if a Rollover IRA may be right for you.
1A 10% IRS penalty may apply to withdrawals made from retirement plans prior to age 59½ and income taxes are due on the full amount.
2Diversification does not assure a profit or protect against market loss.
Legend Equities Corporation and its affiliates do not provide tax or estate planning information or advice.