Rolling over funds to an IRA when you turn 59 1/2 years can be a great way to protect your assets and prevent them from being lost in the stock market. This will help avoid probate as your funds will directly go to your heirs instead of going through the estate.

Furthermore, rolling over retirement savings into an IRA at the age of 72 is one way to ensure that you have a steady income throughout the rest of your life. Otherwise, if you don’t take out any money, the government will take half of it and tax you on it.

Additionally it’s worth noting that if you’ve retired from your employer but haven’t yet reached 59 1/2 years of age, you can still transfer your funds to an IRA. However, it’s important to keep in mind that these regulations may differ depending on your specific circumstances and investment choices.

We understand that the process of 401 Ks and Retirement Protection can be overwhelming, but we are here to guide you with care and patience. With SIS, you can have peace of mind that you and your family are protected in the present and future.