Hilary Oullette

Hilary Oullette

Award-winning creator. Zombie ninja. Total bacon lover. Avid tv nerd. Travel practitioner. Hardcore web nerd.

54 Posts Written
Can I Contribute to a Rollover IRA if I'm Not Working?

Can I Contribute to a Rollover IRA if I'm Not Working?

Generally, if you don't have any income, you can't contribute to either a traditional or a Roth IRA. However, in some...

Understanding the 60 Day Rollover Rule and Exceptions

Understanding the 60 Day Rollover Rule and Exceptions

The Internal Revenue Service (IRS) requires that you have 60 days from the date you receive a distribution from an IRA or ...

Can I Do an IRA Rollover After Age 70 1/2?

Can I Do an IRA Rollover After Age 70 1/2?

Are you over the age of 70 1/2 and wondering if you can still do an IRA rollover? The answer is yes! There is no age...

How to Avoid Taxes and Penalties When Doing an IRA Rollover

How to Avoid Taxes and Penalties When Doing an IRA Rollover

If you're looking to move your IRA from one financial institution to another without incurring taxes and penalties, there ...

How to Withdraw Money from a Traditional IRA without Penalty

How to Withdraw Money from a Traditional IRA without Penalty

If you need to access funds from your traditional IRA, there are several ways to do so without incurring taxes or...

Rolling Over Your 401k to an IRA When Unemployed

Rolling Over Your 401k to an IRA When Unemployed

When you lose your job, you may be considering withdrawing money from your 401k to cover expenses. However, there are...

Can I Do an IRA Rollover from One Account to Another?

Can I Do an IRA Rollover from One Account to Another?

Most pre-retirement payments you receive from a retirement plan or IRA can be “reinvested” by depositing the payment...

Can I Do an IRA Rollover With Multiple IRAs?

Can I Do an IRA Rollover With Multiple IRAs?

Having multiple IRAs is a great way to diversify your investments and take advantage of different tax benefits. There is...

Understanding the 60 Day Rollover Rule

Understanding the 60 Day Rollover Rule

The 60 day rollover rule is an important guideline to be aware of when dealing with accounts with pre-tax income, such as ...

Can I Do an IRA Rollover from a Traditional IRA to a Roth IRA?

Can I Do an IRA Rollover from a Traditional IRA to a Roth IRA?

You can transfer all or part of the funds from a traditional IRA into a Roth IRA. Even if your income exceeds the limits...

Can I Contribute to a Traditional IRA if I'm Not Employed?

Can I Contribute to a Traditional IRA if I'm Not Employed?

Self-employed individuals have the opportunity to contribute up to 20% of their eligible compensation to their own...

How Long Does It Take to Complete an IRA Rollover?

How Long Does It Take to Complete an IRA Rollover?

Renewals of an IRA or retirement plan usually take 2 to 4 weeks to complete. The IRS gives you 60 days from the date you...

What Are the Rules for IRA Rollovers and Reinvestments?

What Are the Rules for IRA Rollovers and Reinvestments?

Verification of cumulative contributions, FAQs about the IRS 60-day exemption, and after-tax reinvestments are all...

Can I Do an IRA Rollover from a 401(k) to an IRA?

Can I Do an IRA Rollover from a 401(k) to an IRA?

Transferring your 401 (k) plan to a traditional IRA is a great way to keep your money growing with deferred taxes. You...

Can I Do an IRA Rollover If My Employer Offers a 403(b) Plan?

Can I Do an IRA Rollover If My Employer Offers a 403(b) Plan?

If you have a traditional 401(k) or 403(b), you can transfer your money to a Roth IRA. However, this would be considered...

Tax Treatment of an IRA Rollover Explained

Tax Treatment of an IRA Rollover Explained

An IRA rollover is a transaction that allows you to move funds from one retirement account to another without incurring...

What Happens if My IRA Rollover Check is Not Cashed Within 60 Days?

What Happens if My IRA Rollover Check is Not Cashed Within 60 Days?

If you have recently received a distribution from an IRA or retirement plan and have not reinvested it within 60 days,...

What is the Difference Between an IRA Rollover and an IRA Transfer?

What is the Difference Between an IRA Rollover and an IRA Transfer?

The difference between an IRA transfer and a reinvestment is that the transfer occurs between retirement accounts of the...

Can you do an ira without earned income?

Can you do an ira without earned income?

A spouse who doesn't earn a salary can also save for retirement. As long as the other spouse is working and the couple...

Can I Rollover My IRA to Another IRA?

Can I Rollover My IRA to Another IRA?

Most pre-retirement payments you receive from a retirement plan or IRA can be “reinvested” by depositing the payment...

What is the Difference Between an IRA Rollover and a 401(k) Rollover?

What is the Difference Between an IRA Rollover and a 401(k) Rollover?

When it comes to retirement planning, it's important to understand the difference between an IRA rollover and a 401(k)...

Can I Do an IRA Rollover from a Roth IRA to a Traditional IRA?

Can I Do an IRA Rollover from a Roth IRA to a Traditional IRA?

You can transfer your IRA to a qualified retirement plan, such as a 401(k), as long as the plan allows for this type of...

What Happens if My IRA Rollover Check is Lost or Stolen?

What Happens if My IRA Rollover Check is Lost or Stolen?

If you're looking to rollover your 401(k) or other retirement plan into an IRA, it's important to understand the rules...

What Are the Rules for IRA Rollovers?

What Are the Rules for IRA Rollovers?

When it comes to Individual Retirement Accounts (IRAs), there are certain rules and restrictions that must be followed....

What Are the Fees Associated with an IRA Rollover?

What Are the Fees Associated with an IRA Rollover?

When you transfer your 401 (k) to a new tax-advantaged retirement account, there is generally no transfer fee. However,...

Rolling Over Your Retirement Plan: What You Need to Know

Rolling Over Your Retirement Plan: What You Need to Know

When it comes to retirement planning, rolling over your retirement plan is an important step. But what exactly does it...

Can You Set Up an IRA Without a Job?

Can You Set Up an IRA Without a Job?

The Internal Revenue Service (IRS) requires that you have earned income in order to contribute to a Roth IRA. This means...

Can I Do an IRA Rollover Before Age 59 1/2?

Can I Do an IRA Rollover Before Age 59 1/2?

There is no age restriction when it comes to rolling over or transferring an IRA. When you move funds from a...

Is rollover ira same as ira?

Is rollover ira same as ira?

A cumulative IRA is essentially a traditional IRA that was created when money was deposited into it. Therefore, you can...

Transferring Your IRA from One Bank to Another

Transferring Your IRA from One Bank to Another

If you're looking to move your individual retirement account (IRA) balance from one provider to another, the best way to...

How long does money have to be in an ira before you can withdraw?

How long does money have to be in an ira before you can withdraw?

Withdrawals must be made after a five-year waiting period. One of the riskiest ways to temporarily access IRA funds...

What Documents Do I Need to Complete an IRA Rollover?

What Documents Do I Need to Complete an IRA Rollover?

When transferring 401K funds to an IRA, you will receive a Form 1099-R informing you of the distribution. The way you...

Everything You Need to Know About IRA Rollovers

Everything You Need to Know About IRA Rollovers

Are you looking to transfer your IRA funds from one financial institution to another? If so, you need to know the rules...

How Long Does an IRA Transfer Take?

How Long Does an IRA Transfer Take?

Transferring an IRA from one financial institution to another can be a quick and easy process. In most cases, it can take ...

What Are the Rules for Rolling Over Money in an IRA?

What Are the Rules for Rolling Over Money in an IRA?

When it comes to rolling over money in an IRA, there are no restrictions on the amount you can transfer. The reinvestment ...

What Are the Rules for IRA Rollovers and Transfers?

What Are the Rules for IRA Rollovers and Transfers?

When it comes to transferring or rolling over funds from an IRA or 401(k) plan, there are certain rules that must be...

What does rollover ira mean?

What does rollover ira mean?

A reinvestment occurs when funds are transferred from one eligible retirement plan to another, such as from a 401 (k) to...

The Benefits of an IRA Rollover: What You Need to Know

The Benefits of an IRA Rollover: What You Need to Know

Transferring your money to an Individual Retirement Account (IRA) can be a great way to reduce the administrative and...

How Soon Can You Withdraw from an IRA After Rollover?

How Soon Can You Withdraw from an IRA After Rollover?

If you want to access the funds in your IRA without incurring taxes or penalties, you must wait five years from January 1 ...

What Happens if You Don't Complete Your IRA Rollover Within 60 Days?

What Happens if You Don't Complete Your IRA Rollover Within 60 Days?

If you fail to transfer your payment within the allotted time, it will be subject to taxation (except for Roth...

Can I Do an IRA Rollover if My Employer Offers a 457 Plan?

Can I Do an IRA Rollover if My Employer Offers a 457 Plan?

Generally, if you are still employed or “in service” at the company that offers the 457 (b) plan, you cannot transfer ...

Can I Do an IRA Rollover If I'm Not Employed?

Can I Do an IRA Rollover If I'm Not Employed?

If you no longer work with the employer who created your 403(b) account, you can transfer your 403(b) balance to a...

Can You Roll an IRA Into Another IRA Without Penalty?

Can You Roll an IRA Into Another IRA Without Penalty?

When it comes to transferring money from a SIMPLE IRA to another IRA or employer-sponsored retirement plan, it's...

Can you put money in an ira if you have no earned income?

Can you put money in an ira if you have no earned income?

Self-employed workers can contribute up to 20% of eligible compensation to their own account. However, this does not...

What Are the Rules for Rolling Over an IRA?

What Are the Rules for Rolling Over an IRA?

When it comes to rolling over an IRA, there are certain rules and regulations that must be followed. An IRA-to-IRA...