Rollover IRA

A Rollover IRA is a type of individual retirement account that allows you to transfer funds from a previous employer’s retirement plan, such as a 401(k), into an IRA without paying taxes or penalties. This enables you to maintain your savings' tax-deferred status while gaining more investment options. It’s a strategic way to consolidate retirement assets, potentially improve growth opportunities, and retain control over your retirement funds as you transition between jobs or retire. Overall, a Rollover IRA helps ensure your retirement savings continue to grow efficiently and flexibly.