How to transfer a retirement account

| Total Words: 394

Make sure you know where you intend on moving your money in advance!

As you probably know, an individual retirement account requires that you decide where your money is going to be invested in order to work with the retirement account. Essentially this is called a “custodian” for your investments. You should generally chose a safe custodian – some of the most common ones are mutual funds, savings accounts, and bonds. While you should definitely be careful as to which custodian you choose for your retirement account, don’t worry! You are not stuck with the same investment until you retire.

However, unlike a normal investment, you should keep in mind that you are only allowed to transfer or “roll over” your retirement account once a year. Also, there are some very specific rules that you need to follow. It is generally a good idea to find out how to transfer a retirement account before you even begin to invest in one. That way if you ever need to do a roll over in the future, you’ll be ready.

First of all, you should probably have a good idea of where you want to invest the money before you start the rollover...

To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...

** PLR to VIDEO: Create Awesome Videos From PLR Articles... FAST!...