Performing an IRA rollover has long been an important strategy in helping to meet retirement objectives. But how do you know if a rollover may be the right strategy for a specific client?
Certainly, rollovers are not appropriate in all situations, so it’s important to ask all the applicable questions before finalizing a rollover decision.
The IRA Rollover Checklist will give you many of the essential questions that should be addressed in assessing if moving a client’s funds from his or her current option to a new IRA makes sense.
Barring any circumstances that would not be in the client's best interest, there are several reasons a client might consider a rollover.
Rollovers can help a client:
Related Article: DOL Rule and IRA Rollovers (Survey Results)
While an IRA rollover may be in the best interest of some clients, there may be instances in which leaving the assets in the current plan may be the best option. Below are some questions that you may want to ask as you help your client evaluate whether or not an IRA rollover is in his or her best interest.
For a more detailed list of questions, including the list above, please refer to the IRA Rollover Checklist.
Please be sure to follow your broker dealer's procedures and guidelines with regards to IRA Rollovers.
If you have any additional questions, please feel free to contact Retirement Strategies Group at (800)722-2333, ext. 3939, or e-mail us at RSG@PacificLife.com.
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