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A rollover is the movement of funds between types of investments or accounts.

Expanded Definition

Rollovers help perserve the tax status of money that you have saved. For example, you can rollover money from a 401(k) into an IRA, preserving the tax-free gains exception, but allowing more control over your money than in a company-sponsored 401(k). This is particularly helpful for people who have had many jobs and may have several accounts at different companies. Rolling your funds into a single account is convenient and can also be a good way to get other relationship-benefits from your financial services provider.

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