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Types of IRAs |
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Rollover IRA
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A Rollover IRA is basically a Traditional
IRA into which you can move money from other retirement plans and
accounts and still maintain tax-deferred growth. You can roll over
amounts distributed from your employer's retirement plan,
from another IRA, a 403(b) account and from certain 457 accounts.
For instance, if you're retiring or changing
jobs, you can transfer your existing retirement savings accounts
into a Rollover IRA, which can simplify managing your funds, possibly
save you money on fees, and keep your funds growing on a tax-deferred
basis.
A great feature of a Rollover IRA
is that there are no taxes or penalties on amounts rolled into it.
So, if you're in the process of receiving a distribution from a
retirement plan and want to avoid the mandatory 20% federal income
tax withholding, simply have the retirement plan directly transfer
your proceeds into a Rollover IRA (retirement plans must withhold
20% unless the distribution is a Direct Rollover).
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Consider rolling over your existing retirement accounts
and distributions from retirement plans into a Dreyfus Rollover
IRA. You'll maintain tax-deferred growth, enjoy a variety
of investment options, benefit from Dreyfus' investment
management expertise, and be able to better oversee your
retirement planning progress because all of your funds will
be consolidated into a single account. |
| Who should open a Rollover
IRA? The ideal person for a Rollover IRA is someone seeking
to maintain the tax deferral on a distribution from his or
her retirement plan, or seeking to consolidate tax-deferred
assets. |
Call 1-800-443-9790 to learn more about how a Rollover IRA can help you build your retirement savings.
This does not constitute tax advice.
Consult your tax advisor. There are fees, expenses, taxes and penalties
associated with IRAs.
Investors should consider the investment objectives, risks, charges, and expenses of a fund carefully before investing. Download a prospectus that contains this and other information about a fund, and read it carefully before investing.
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