Consolidating securities

Not only will you be depleting an account that was established for the long-term goal of retirement, but there will also be tax consequences.

It's a more complicated variety of the standard 401(k) rollover to an IRA, but it's well worth the extra effort if you decide a Roth IRA will work better for you.If you’d like to invest in other asset classes, like commodities or real estate investment trusts (REITs), they have no options.But a self-directed IRA can enable you to invest and trade in virtually limitless investments.The advantage here is by doing a 401(k) rollover into an IRA, you can take control of the money, but avoid having to pay either income tax or an early withdrawal penalty on the money.And of course, this option is the main topic of this article.

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