Rollover IRA

Rollover IRA

An IRA can be used to roll over a lump sum distribution from a qualified retirement plan. A rollover IRA provides a tax-deferred way to reinvest a distribution you may receive from a company retirement investment plan such as a 401(k), a profit sharing, or a pension plan.

Advantages

  • Postpone paying income taxes on your earnings
  • Continue to accumulate tax-deferred income
  • Avoid paying a 10% premature distribution tax (if you are below age 59 1/2)

Note: IRS rules require a 20% federal tax with-holding for most distributions from qualified retirement plans unless they are directly transferred to an IRA or another eligible retirement account.

Disclosures

MEA Financial Services offers all security products through Paradigm Equities, Inc., Member of FINRA and SIPC. Paradigm Equities, Inc. is the broker/dealer subsidiary of MEA Financial Services.

MEA Financial Services/Paradigm Equities, Inc. does not give tax or legal advice. The comments regarding the law and tax treatment simply reflect our understanding of current interpretations of such laws. Since laws are always subject to interpretation and possible changes, we recommend that you seek the counsel of an attorney, accountant or other qualified tax advisor regarding these matters as it applies to your particular situation.

For a list of the available mutual fund families offered through Paradigm Equities, Inc. and for more complete information including charges and expenses, and to request a free prospectus (read carefully prior to investing or sending money), please contact us at 1-800-292-1950 or click on our "Send Me Information!" link to complete our online request form.

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