Do you have funds sitting in stagnant cash accounts, old 401(k)s from previous jobs, or IRAs at other institutions? If so, it may make sense to consolidate those assets with Morgan Stanley Smith Barney and use a Morgan Stanley Smith Barney Rollover IRA to move your money directly from one retirement vehicle to another.
Why A Morgan Stanley Smith Barney Rollover IRA may be a good choice for you:
Tax advantages.
Rolling over your retirement assets to an IRA lets you avoid current taxes and penalties while your eligible savings have the potential to grow tax-deferred. As funds are withdrawn from a Rollover IRA, they are taxed at your ordinary income tax rate. Withdrawals made prior to age 59 ½ may also be subject to a 10% federal tax penalty.
Professional retirement planning assistance.
A Morgan Stanley Smith Barney Financial Advisor will assist you in setting up your Rollover IRA and will help you choose appropriate investments that can help meet your unique needs. In addition, if you consolidate your retirement assets with Morgan Stanley Smith Barney, the Morgan Stanley Smith Barney Financial Advisor you work with can better monitor your retirement accounts, and help you make necessary adjustments when needed.
Investment flexibility.
With a Morgan Stanley Smith Barney Rollover IRA, you have the flexibility to self-direct your retirement assets. You choose from a wide range of investments, which can include publicly traded stocks, bonds, certificates of deposit, certain covered option strategies1, unit investment trusts, short-term money market instruments, and money market funds.
Comprehensive, consolidated account statements.
If there has been activity in your account, you receive a comprehensive statement each month. (If there has been no change, statements are sent quarterly.) Keep in mind that if you consolidate all of your retirement savings with Morgan Stanley Smith Barney, you'll get a single statement that shows exactly where you stand at a glance.
1Options are not suitable for all investors.
Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Smith Barney Financial Advisors do not offer tax advice. This material was not intended or written to be used for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Individuals are urged to consult their personal tax or legal advisors to understand the tax and related consequences of any actions or investments described herein.
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