Your Expertise On IRA Rollovers in Long Island

An IRA rollover is an effective way to keep your money accumulating tax deferred.

If you change jobs or retire, you may want to transfer the money you've invested in an employer-sponsored retirement plan such as a 401(k) or 403(b) to an individual retirement account (IRA).

Using an IRA rollover, you can transfer your retirement savings to either a traditional IRA or a Roth IRA at a private institution and decide how to invest the funds. An IRA can be tailored to your particular needs and goals and can incorporate a variety of investment vehicles, while many employer-sponsored retirement plans have a limited number of options available. In addition, an IRA rollover allows for tax-deferred retirement savings from multiple employers to be consolidated.

To preserve the tax-deferred status of retirement savings, the funds must be deposited in the IRA within 60 days of withdrawal from the employer's plan. To avoid potential penalties and a 20% federal income tax withholding from your former employer, you should arrange for a direct, institution-to-institution transfer.

401k rollovers may make it easier to manage your retirement savings by consolidating your holdings in one place. This can help cut down on paperwork and give you greater control over the management of your retirement assets.

Learn more about IRA & 401k Rollovers.

The retirement professionals at Craig James Financial Services, LLC can help you determine whether an IRA rollover should be part of your overall retirement strategy.

A leader in retirement transition and Individual Retirement Account (IRA) rollover strategies, Craig James Financial Services is also known for innovative investment strategies involving REITS, 1035 exchanges, Private Placements, bond ladders, and structured investments.

Talk to Craig James Financial Services about an IRA rollover and keep your money accumulating tax deferred. For free financial reports and information about retirement planning, call: 631.393.2888, or Toll Free: 877.876.2707

*Neither Next Financial Group, Inc. nor its representatives offer tax or legal advice.

Rollovers are not suitable for everyone. Please consider all options prior to making a decision.

Our Other Services