If you are new to IRA’s or IRA rollovers, you’ve come to the right place.

At Self~Guided IRA we specialize in helping individuals and Companies structure or re-structure healthy Qualified retirement plans.

SGI Improves performance by using the ULC Collateral Strategy ™.

We seek out & move poor performing investments into new, high paying collateralized investments, ones that give you back control and avoid losses.

We believe in Use, Control and Liquidity of money.

High Rates with shorter terms backed by a collateralized Position……

IRA Rollover or IRA Transfer?

It is important to note that there is a difference between an IRA rollover and an IRA transfer ( the rules have Changed). In either case, IRA accounts are required to be held at financial institutions, these can include_ Insurance companies, Banks & Brokers.

These institutions are known as the IRA custodian. By moving an IRA account directly from one custodian to another, it is considered to be an IRA account transfer.

With an IRA account transfer, there will be no tax consequences, and the account holder is not required to report any information to the IRA on his or her tax return. In addition, an IRA account holder is allowed to make an unlimited amount of IRA transfers each year.

Conversely, an investor may only transact one IRA rollover per year. In addition, even though the mechanics of an IRA rollover may seem to be quite similar to an IRA transfer, there are some very distinct differences.

First, as previously noted, IRA account rollovers require some highly stringent rules that need to be followed. Otherwise, the account holder could be taxed and / or penalized on their IRA funds.

When rolling over IRA funds, the account holder has a 60-day window of time with which to complete the transaction. If the IRA funds are not inside of a qualified retirement account within the 60-day time frame, then the funds are considered to be a taxable distribution to the account holder.    Going from your old 401-k to an IRA IS a Rollover….

In addition, if the account holder is under the age of 59 1/2, he or she will also be penalized an additional 10%. This is considered an early withdrawal penalty and it is levied on the total amount of IRA funds that have not be replaced back into a qualified account.

On top of the 60-day time window, investors are also only allowed to make one IRA rollover within a 12-month period of time per IRA account.

The number of rollovers that an investor participates in is closely followed by the IRS, as each rollover will require that an account holder is furnished with a form 1099-R from the financial institution that distributed the IRA funds. Likewise, the distribution is also reported to the IRS by the financial institution.

If the rollover funds were paid directly to the account holder, then 20% will withheld by the payor for tax purposes. The money may, however, be credited back to the account holder when filing their taxes.

With this in mind, it is important to ensure that your funds are moved as quickly and efficiently as possible from one custodian to another when transacting your IRA rollover.

The custodian we work with has conducted thousands of Self Guided IRA transactions, and is well versed in moving funds within the allotted time frame so as not to incur IRS penalties. This efficiency will also get your funds invested and working for you much more quickly as well.

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