The Easy Way to rollover 401K to IRA is to talk to a banker first. An understanding of both types of accounts and how they work will make the transaction go much more smoothly. There are several types of IRA Accounts, including Traditional, Roth, and SIMPLE. The Traditional IRA takes contributions at any time according to limitations set by current government tax laws. The Roth IRA accepts regular tax deferred contributions from the employer. A SIMPLE IRA is designed to allow employees of small businesses to make matching contributions with their employers to the retirement plan.
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