Question for the Money Doctors
Question submitted on Mar 19, 2014.
QuestionI understand I need to move my money that was in a 403b & 401k out of company I worked for prior. ..was thinking to have both moved into one tradional ira account , I bank right now with Indiana members credit union and was wondering if this is my best choice/decision?
Please note that there are new rules that allow just one rollover to an IRA in a given year. Direct trustee to trustee transfers will avoid the aforementioned rules. Not knowing your complete financial profile, we cannot give specific investment advice. Please contact a CPA/PFS in your area who will be able to personally guide you. Visit www.findacpapfs.org to find one in your area.
For additional information visit http://www.360financialliteracy.org/