Can I roll over my retirement accounts to a new employer?
Yes, you can roll over your retirement accounts to a new employer's plan, but there are specific rules to follow.
What types of accounts can I roll over?
You can typically roll over 401(k) plans, 403(b) plans, and traditional IRAs. Roth IRAs have different rules.
Are there any tax implications I should be aware of?
Yes, if you do a direct rollover, there are usually no tax implications. However, if you take a distribution, it may be taxable.
How long does the rollover process take?
The rollover process can take anywhere from a few days to several weeks, depending on the institutions involved.
What if I miss the rollover deadline?
If you miss the deadline, you may face taxes and penalties, so it's important to act promptly.
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