So you’ve decided to perform a 401k direct rollover to an IRA. Good news – not only is this usually a good decision, but the process is fairly easy as well.

First things first – before you can initiate an IRA direct rollover transfer, you have to establish a new account to receive your rollover funds. A 401k account can be rolled over into most types of IRA accounts, including traditional IRAs, SEP IRAs and more. (more…)