The most common rollover occurs when a 401(k) balance at a previous employer is rolled into an IRA in
order to avoid tax consequences. A rollover is easy and can be done quickly by following these steps:
- Visit with a First PREMIER Banker to open your IRA account. If you have both pre-tax and Roth
contributions, you should open both a Traditional and Roth IRA to preserve the associated tax
- Request the paperwork to begin your distribution from your former employer
or plan administrator.
- Request your distribution check made payable to First PREMIER Bank with a
notation of your name and IRA account number.
Contact us if you have questions or would like to discuss options for rolling over funds.