Using A Direct IRA Rollover To Avoid Early Withdrawal Penalties
When leaving one employer for another, it is important for you to roll your individual retirement account (IRA) out of your past employer's retirement account and into your own. To avoid expensive tax implications, your retirement money needs to be rolled over directly into a new IRS-approved retirement account using a very specific procedure.
Here is some information to help you better understand personal IRA direct rollovers to help you avoid a tax penalty.