Hi, my wife had a retirement account at a former employer who closed up shop and the existing retirement account switched over to a fixed Rollover Traditional IRA at Voya. This account is just sitting in some sort of fixed return account and doesn’t allow me to invest it in any funds – I can only take a cash distribution or move the account somewhere else. I currently have a 401k through my employer and a Roth IRA. My wife has this account along with another account from a former employer that is listed as a Simple IRA. I want to get this money out of the Voya Traditional Rollover IRA and into somewhere I can have the dollars invested instead of just sitting there, but I’m not sure what to do with it and what kind of account to set up without causing tax implications. What’s the right move here? Thanks.
Statistics: Posted by drdavidge — Tue May 28, 2024 2:14 pm — Replies 3 — Views 274