What you need to know before you roll over your 401(k) – The difference between a rollover and transfer

A 401(k) plan can be funded through several avenues including contributions, a transfer, and a rollover. In this article, we will discuss the key differences between a rollover and a transfer along with the key steps required to avoid costly penalties and unfavorable tax consequences.

401(k)Phillip R. ChristensonJanuary 18, 2021Phillip James Financial401k, Rollover, Retirement Funds