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Routing Number: 261271694

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Rolling over your retirement plan assets to another retirement plan or an IRA can be stress-free when you understand the rules.

We know merging retirement plans can be confusing, but the process doesn’t have to be. Rolling over your retirement plan assets to another retirement plan or an IRA can be stress-free when you understand the rules. Rolling Over Your Retirement Plan in a Nutshell A retirement plan rollover is the movement of eligible retirement plan assets to another eligible employer-sponsored retirement plan or IRA. Rolling over your retirement plan assets generally preserves their tax-preferred status. When You Can Roll It Out Rolling over your retirement...

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Moving into a Roth IRA may help maximize your IRA savings, but it depends on your retirement savings needs.

Moving into a Roth IRA from a Traditional IRA or SIMPLE IRA may be a great way to maximize your IRA savings. Converting is easy to do, and may have positive effects on your financial future. The Basic Facts A conversion is the taxable movement of Traditional or SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) IRA assets to a Roth IRA. The financial organization administering the conversion reports the movement of assets to the IRS, while you include any pretax amounts converted...

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Roth vs Traditional IRA

Before you decide whether to contribute to a Traditional IRA or a Roth IRA, you’ll first need to determine if you are eligible for either. Although the contribution eligibility requirements differ for each, often the decision between Roth vs Traditional IRA depends on your income. Following are the basic facts you need to know. Traditional IRAs IRA owners must have earned income and be under age 70 1/2 to make contributions. Contributions may be tax deductible. Earnings grow tax deferred. Distributions generally are taxable. Distributions before...

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