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What is a Rollover IRA?

A Rollover IRA is a type of Traditional IRA with the same potential for tax-deferred savings growth.

Why consider a Rollover IRA?

You’ve worked hard to build a retirement portfolio that will allow you to enjoy your “Golden Years.” How you handle a lump sum distribution could be one of the most important financial decisions of your life.  

Whether retiring, leaving your employer or changing jobs, one of the most important decisions you may face is what to do with the funds you have accumulated in an employer-sponsored retirement plan. The options are plentiful, but the wrong decision can be costly, both in terms of control over investments and dollars lost.  

Distribution decisions don't just come into play at the brink of retirement, either. If you have an employer-sponsored retirement account such as a 401(k), 403(b), governmental 457 (b), SIMPLE IRA, or SEP IRA, you have a distribution decision to make every time you switch jobs.  

 

Examine your options

Your choices will vary depending on the plan type and the policies of your old employer and—if you’re switching jobs—new employer. It’s best to check with the appropriate human resources department and your personal tax adviser if you have any questions.  

In general, you have four options:

Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society) and its subsidiaries, including Foresters Financial Services, Inc.   

Neither Foresters Financial nor its affiliates provide legal, tax or estate planning services. Should you require such services, you should consult a legal, tax or estate planning professional.  

For more information about mutual funds from Foresters Financial when planning your Rollover IRA, you may obtain a free prospectus by downloading it from our website, contacting your Representative, or calling (800) 423-4026. You should consider the investment objectives, risks, fees or charges, and expenses of the funds carefully before investing. The prospectus contains this and other information about the funds, and should be read carefully before you invest or send money. An investment in these funds is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

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