IRA Rollovers: 3 Questions To Avoid Getting Fleeced

To you, the money you’re thinking of rolling over into an IRA represents a lifetime of saving you’re counting on to sustain you in retirement. But to some financial advisers, it’s a commission honey pot.

If you’re like most people, the savings you’ve accumulated over the course of a career in your 401(k) or IRA is probably the largest sum of money you’ll ever see. The average balance for 401(k) investors in their 60s who’ve been in their plan the longest is $224,287, according to the Employee Benefit Research Institute. For IRA owners in their early 60s: $147,739.

Walter Updegrave | Forbes

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