IRA Consolidation: The “Super IRA” Strategy

IMG - The Super IRA Strategy

The Traditional IRA and its offshoots (SEP, SIMPLE, rollover and Roth IRAs) play a leading role in helping millions of U.S. taxpayers invest for retirement.  However, many IRA owners are unaware of the opportunity they have to consolidate their multiple IRAs by using a “Super IRA” strategy (most common is a rollover 401k).

An IRA consolidation strategy can lead to reduced fees and increased buying power.  I’ve had several instances where an individual has had several old retirement plans from previous employers.  That has included defined benefit plans, 401k’s, TSP’s, 403b’s and Keough plans.   The paperwork alone was cumbersome, and consolidating has made tremendous sense. [Read more…]