An IRA/401(k) rollover is a process in which funds from an existing retirement account are transferred to another retirement account. This can be done either by directly transferring the funds or by having the custodian of the original account issue a check payable to the new custodian. The main benefit of rolling over your retirement savings is that it allows you to maintain control over your investments and avoid potential tax consequences associated with cashing out. Additionally, it may give you access to more investment options and potentially better returns on your money.

Whitaker Wealth Management Services, LLC offers assistance with filing and processing for you.