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You need to know that you can only take one tax free IRA rollover in a 12 month period. You also need to know that you only have 60 days to redeposit the fund into another IRS approved plan. Other penalties or financial institution charges may apply, but taxes are your biggest concerns. Since, most contributions are pre-tax or tax deductible, the fund itself is subject to taxation. It’s your money, but unless you have a Roth, you cannot withdraw anything from the fund until after you retire. Even then, if you have a traditional account, you will pay taxes on the distributions that you take during a year’s time. I thought you might like to know about the guaranteed ROI investment we are offering at the moment. It is not only guaranteed, but your ROI is guaranteed to be at least double the amount you earned last year. This would be the safest investment being offered at this time. I would strongly urge you to check out this investment. Instead of a free IRA rollover, you might want to consider “transferring” the fund. Rollovers involve you as the middle man. Assets within the account are liquidated and a check is made payable directly to you. If instead, you instruct your custodian to transfer the fund to a new custodian, the transaction is not reported to the IRS and you’ll have no tax worries. In addition, many assets held within the account can be transferred directly to the new financial institution, without requiring liquidation. These could be beneficial, as liquidation sometimes locks in losses, particularly if your account is heavily invested in the stock market. For example, because of what’s been going on in the market over the last year, 401Ks and other retirement accounts have lost an average of 20% in the last 12 months. If things begin to improve, investors may recoup some of those losses, but if they liquidate or rollover now, they will “lock-in” that loss that is now only on paper. Before you take your free IRA rollover, check out the custodial companies that are available. Some of them offer more investment choices and charge lower fees than others. For example, one company charges $75 for conversions or transfers. Another company charges nothing for that service. Generally speaking, a reasonable annual fee is better than paying lots of different per-transaction fees. Self-directed custodians allow you to earn more by fully diversifying. You have more control over decisions and you can get into the real estate market. You might not know anything about real estate, but I can tell you that returns are much higher than what you see with other types of investments. Right after you take your free IRA rollover, you will have more un-invested cash in the account and that’s the best time to look for profitable real estate deals. You see, the account can get financing to buy property, but there is a cost. Anytime that financing is needed, profits and earnings are subject to UBIT. That’s the Unrelated Business Income Tax. You want to use the account to avoid capital gains and other kinds of taxes. So, cash deals are the best choices. If you don’t know anything about the housing market, you can learn. There’s even free help out there for you. Before you take your tax free IRA rollover, you might want to get a little free education. If you have a minute or two to spare, please feel free to browse through my website. Gordon Hall is an active participant of a national network of professional writers, who advocate socially conscious real estate investing, through the use of retirement vehicles such as IRAs, 401Ks and other retirement assets. For more information, or to get involved, please visit the following http://www.double-your-ira.com
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