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Is your adviser encouraging you to do an IRA rollover? Make sure they’re following this new rule

·4 min read
Is your adviser encouraging you to do an IRA rollover? Make sure they’re following this new rule

IRA rollovers are common, whether they’re from an old 401(k) or just one account to another, but a newly implemented Department of Labor rule says financial advisers suggesting the move have some explaining to do. Retirement Tip of the Week: If you work with a financial adviser and they are suggesting you do an IRA rollover, a rule made effective July 1 says the reason must be in writing. Make sure you get that document, for your sake as well as your adviser’s.