In today’s episode, Adam Bergman, Esq., explains how you can roll over old 401(k) funds into a Self-Directed IRA to make alternative asset investments.
—
Learn more about the Self-Directed IRA:
—
Discover more videos by IRA Financial:

Subscribe to our channel:
—
About IRA Financial:

IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial does not provide legal services. No attorney-client relationship exists between the Client and IRA Financial Group, its management, salespersons, or IRA Financial’s in-house legal counsel. IRA Financial provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

IRA Financial is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

Learn More: …(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

AdBits: How to Rollover a 401(k) to a Self-Directed IRA

As you approach retirement, one of the most important financial decisions you will make is what to do with your 401(k) account. Many people choose to rollover their 401(k) into a Self-Directed IRA (Individual retirement account) in order to have more control over their retirement funds and potentially access a wider range of investment opportunities.

If you are considering a rollover, it is important to understand the process and the potential benefits of a Self-Directed IRA. AdBits is here to help you navigate through the rollover process and make informed decisions about your retirement savings.

Here are the steps to rollover a 401(k) to a Self-Directed IRA:

1. Understand Your Options: Before initiating a rollover, it is important to understand your options for transferring your 401(k) funds. You can choose to rollover your 401(k) into a traditional IRA or a Roth IRA. Each option has its own tax implications and eligibility requirements, so it is essential to carefully consider which type of IRA is best for your financial situation.

2. Open a Self-Directed IRA: Once you have decided on the type of IRA that best suits your needs, it is time to open a Self-Directed IRA account. You can choose from a variety of financial institutions and investment firms that offer Self-Directed IRAs. It is important to research different options and consider factors such as fees, investment choices, and customer service before selecting a provider.

3. Initiate the Rollover: After opening a Self-Directed IRA, you can initiate the rollover process by contacting your 401(k) administrator. Most 401(k) plans offer the option to directly transfer funds to an IRA without incurring any tax consequences. You will need to provide the details of your new IRA account, and your 401(k) administrator will facilitate the transfer of your funds.

4. Choose Your Investments: One of the key benefits of a Self-Directed IRA is the ability to invest in a wide range of assets, including stocks, bonds, mutual funds, real estate, and precious metals. Once your rollover is complete, you can start to allocate your funds into various investment opportunities based on your financial goals and risk tolerance.

5. Monitor Your Investments: As you manage your Self-Directed IRA, it is important to monitor your investments and regularly review your portfolio performance. You may need to adjust your investment allocation over time to align with changes in your financial situation and the investment landscape.

By following these steps, you can successfully rollover your 401(k) into a Self-Directed IRA and take control of your retirement savings. With the flexibility and potential for higher returns offered by a Self-Directed IRA, you can make more strategic investment decisions to secure your financial future.

In conclusion, AdBits is committed to providing you with the resources and guidance you need to make informed decisions about your retirement savings. If you are considering a rollover from a 401(k) to a Self-Directed IRA, we are here to help you navigate the process and explore the potential benefits of self-directed investing. Contact us today to learn more about how we can support your financial goals.