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Avoid taxes
or penalties.
One sure way to delay paying taxes on your retirement distribution is
to roll your money into an Individual Retirement Account (IRA). This
process is known as a direct rollover. You request a distribution check,
made payable to your new IRA, to reinvest the full balance of your retirement
plan.
Maintain control
of your investments.
Besides the tax advantage, IRAs give you control over your savings.
You select the types of investments you want from a variety of securities
such as stocks, bonds, and mutual funds. Plus, you have the flexibility
to change your investment direction whenever you wish.
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