FINRA Issues Investor Alert Regarding IRA Rollovers

FINRA released an investor alert, titled "The IRA Rollover: 10 Tips to Making a Sound Decision," that is intended to help a public investor decide if an IRA rollover is right for him or her. FINRA provides the following tips:

• evaluate transfer options;
• minimize taxes by rolling Roth to Roth and traditional to traditional;
• think twice before doing an indirect rollover;
• be wary of "free" or "no fee" claims;
• realize that conflicts of interest exist;
• compare investment options and other services;
• understand fees and expenses;
• engage in a thoughtful discussion with a financial or tax professional;
• consider that age matters; and
• assess the tax implications of appreciated company stock.

See: FINRA Investor Alert.