London

107 CVB Drive
Suite 5
London, KY 40741

Phone: 606.864.0220

Hurricane

3751 Teays Valley Road
Hurricane, WV 25526

Phone: 304.306.9490

Harrodsburg

125 Collin Drive
Harrodsburg, KY 40330

Lexington

2704 Old Rosebud Road
Suite 180
Lexington, KY 40509

Georgetown

1502 Oxford Drive
Suite 210
Georgetown KY 40324

IRA/401k Rollovers

An IRA rollover is the process of moving funds from a qualified retirement plan (like a 401(k) or another IRA) into an Individual Retirement Account (IRA), without incurring taxes or penalties if done correctly.

Types of Rollovers

  • Direct Rollover (Trustee-to-Trustee Transfer)
    • Funds move directly from the old plan to the new IRA.
    • No taxes withheld.
  • Indirect Rollover
    • Funds are distributed to the individual, who must deposit them into an IRA within 60 days.
    • 20% tax withholding applies up front (which must be made up from other funds to avoid penalties).
  • Same Trustee Transfer
    • Funds move between IRAs held at the same institution.
    • Not technically a “rollover” but functionally similar and simpler.

Ready To Take The Next Step?

For more information about any of our products and services, schedule a meeting today or register to attend an educational presentation.

give us a call at 859.309.0349

GEORGETOWN

1502 Oxford Drive
Suite 210
Georgetown KY 40324

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