Rollover
Categories: Retirement, Investing
Rover does this. So did Grandma last year. RIP.
A rollover normally refers to your leaving an investment pot of one class inside of the legal wrapping paper in which it already exists.
That is, you might have a company-sponsored IRA. You leave your old comapny and move to a new one, which also has a company-sponsored IRA. You then just keep your old IRA, do essentially nothing to it, but roll over the assets into your new company's IRA management system so that you can log in and see how much dough you'll have to pay tax on when you take it out in 22 years at retirement.
You're just staying in the same place, more or less, but rolling over and over...like a dog with a bone at stake.
