FAQ - Rollover

Rollover

I own stocks and bonds and a IRA and want to rollover to QRP; do I need to sell the stocks or can I roll them over to the QRP?

You do not have to sell….you simply call the current custodian of the assets and inquire into their procedure for doing a rollover into your new plan, your eQRP.

Rollover

I own stocks and bonds and an IRA and want to rollover these assets to the QRP. Do I need to sell the stocks or can I roll them over to the QRP? Do you have to sell the asset first?

You do not need to sell the stocks. You can simply roll them into the QRP. This is called an In-Kind rollover.

Rollover

What if I retire early from my job, can I take my 401k or Profit Sharing out early and roll it over into the QRP?

Yes. This is a perfect example of where the rollover allowances are so helpful. You can roll over any retirement account into an equal account.

Rollover

What type of retirement accounts can I rollover into my new QRP?

You can roll most IRA, SEP IRA, SIMPLE IRA (after 2 years),ROTH IRA (only into a Roth QRP, 457(b), 403(b), Profit Sharing and other QRP’s into your QRP. An IRA can be rolled into a QRP if the funds in it were rolled over from a previous 401k, 403b or…Click for more

Rollover

Did current customers move their entire IRA into the eQRP or did they leave some in their IRA or 401k?

There are two reasons to keep money in your IRA. One, you really want to do something with maybe mutual funds. The other one is you want to be a charity for the custodian and help them make more money. Those are the two reasons that I would think that…Click for more

Rollover

Can I rollover my existing 401k or IRA into a QRP?

Yes, you can roll most IRA, SEP IRA, SIMPLE IRA (after 2 years), ROTH IRA (only into a Roth QRP, 457(b), 403(b), Profit Sharing and other QRP’s into your QRP. An IRA can be rolled into a QRP if the funds in it were rolled over from a previous 401k,…Click for more

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