Regulators implement new rollover rules
Beginning in July, advisors and firms must follow new rollover rules issued by the Department of Labor.
Tag: IRA rollover
When to choose a non-hardship 401(k) withdrawal
Some 401(k) plans allow investors age 59½ to take a non-hardship 401(k) withdrawal, providing the option to transfer savings to an IRA without penalty.
Tax court limits IRA rollovers
Investors who typically use a rollover strategy for multiple individual retirement accounts (IRAs) will need to reconsider because of a rule change that took effect this year. A decision by the United States Tax Court that limits the number of IRA rollovers an individual can perform in a year was implemented in January 2015. IRA
Five ways for an advisor to improve IRA business
Individual retirement accounts (IRAs) continue to comprise the largest segment of assets in the retirement industry. Most of the growth is driven by rollovers, creating opportunities for financial advisors working with clients who are deciding what to do with their 401(k) assets. Here are five ideas that advisors may use to try to grow their
Studies reveal what’s driving IRA growth
With their growth rate expected to nearly double that of 401(k) assets in the next five years, individual retirement accounts (IRAs) continue to be a leading segment in the retirement industry. Here are some highlights of the growing IRA market: 1. The traditional IRA represents the largest share of U.S. retirement assets. In a 2014
New ruling on rollovers could impact your IRA clients
A recent decision by the United States Tax Court limits the number of IRA rollovers that an individual can do in a year. While the new ruling may cause confusion or concern for some clients, the limit does not apply to direct transfers. IRA owners may move funds from one IRA to another either by
Use LinkedIn to grow your IRA rollover business
Chris Hennessey shares several resources, such as the Worker Adjustment and Retraining Notification Act (WARN), to identify companies that are hiring and firing, and explains how to use LinkedIn to network for individuals who may be on the move and want to roll over their retirement assets or sell company stock. By law, employers with