Last year, I wrote that IRAs are becoming increasingly important, but rules can be confusing. And even more so when considering the rollover possibilities in moving benefits from one plan to another. Portability of benefits between IRAs, SEPs, SIMPLE IRAs, Roth IRAs, 401(k) plans, profit sharing plans, defined benefit plans, 457 plans, and 403(b) plans can be wonderful thing – if you know the rules. So here’s a link to a "scorecard" in the form of a Portability Chart as of 2008 prepared by McKay Hochman. But if there every was a situation of "kids, don’t try this at home, this is it. Talk to a tax adviser first.
Scorecard icon design by Mike Rohde via Flicr.