That has included defined benefit plans, 401k’s, TSP’s, 403b’s and Keough plans.
An IRA consolidation strategy is suggested, and the section concludes with a three-step action plan for investors like Patrick.
After reviewing the statements, Patrick and his planner determine he could combine the following retirement accounts into a “Super IRA”: In another six months (two years after first participating in the SIMPLE IRA plan), he could transfer or rollover that balance to his “Super IRA” as well.
Patrick cannot combine his two Roth IRAs into his “Super IRA,” although he could consolidate them into one “Super Roth IRA.” And he cannot roll over the nonqualified deferred compensation plan.
It is an unsecured personal loan that you may apply for without impacting your credit score.
Once you are approved, you may use the funds to pay off credit card balances, medical bills, and any other debt that you may have accrued.