IRA Rollover in Alpharetta, GA
Move Your Retirement Money Without the Penalty Traps
Rolling money into or between IRAs comes with rules that are easy to misunderstand. We help you move it correctly the first time.
Fee-Only • Fiduciary • Independent RIA • CFP®, ChFC® • 30+ Years Serving North Atlanta
Not All IRA Rollovers Follow the Same Rules
An IRA rollover can mean a few different things: moving an old 401(k) into an IRA, or moving money between IRAs directly. Each path has its own rules, and one of the most misunderstood is a limit on how often you can do it. At Daner Wealth Management, we help high-income professionals and executives in Alpharetta, Roswell, and Johns Creek move retirement money correctly, whichever direction it's headed.
When to Start This Conversation
You may be ready for this conversation if you have an old 401(k) you're rolling into an IRA, if you're consolidating multiple IRAs, or if you're unsure whether a rollover you're planning could trigger taxes or penalties you didn't expect.
Our Process
We start with a conversation about which accounts are involved and where the money needs to go. From there, we help you think through:
- Choosing a Direct Transfer When Possible. A trustee-to-trustee transfer moves money without it passing through your hands, avoiding the 20% mandatory withholding that applies to indirect rollovers from an employer plan like a 401(k).
- Understanding the Once-Per-Year Rule. You can only do one indirect, 60-day IRA-to-IRA rollover in any 12-month period, across all of your IRAs combined. This rule doesn't apply to direct trustee-to-trustee transfers or to rollovers from a 401(k), which is a common point of confusion.
- Watching the 60-Day Clock. If you take an indirect rollover, you have 60 days to deposit the full amount, including any portion withheld for taxes, or the shortfall becomes taxable and may trigger a penalty if you're under 59½.
- Knowing There's No Dollar Limit. Unlike annual IRA contributions, which are capped each year, rollover amounts have no dollar limit. Rolling over a large old 401(k) balance doesn't affect your ability to make regular IRA contributions for the year.
- Coordinating With RMDs If You're Already Taking Them. An amount that satisfies a required minimum distribution can't be rolled over. We help you sequence withdrawals and rollovers correctly if both apply to you.
- Investing the Money Once It Arrives. A rollover isn't finished when the funds land in your IRA. Research has found that a significant share of rollover IRAs sit in cash for years, often because no one built an investment plan for the money once it arrived. We treat this as part of the rollover itself.
As a fiduciary, every recommendation is built around your interests, not a product. We don't earn commissions tied to where you roll your account.
We don't charge by the service or take commissions on products we recommend. As a fee-only firm, we charge an all-inclusive percentage of assets under management, generally 0.75%–1.25% annually, so our only incentive is doing right by your plan. We'll walk you through exactly what that means for your situation before you commit to anything.
Why Choose Daner Wealth Management
Marc Daner, CFP®, ChFC®, has helped clients move retirement accounts correctly as part of a full financial picture for more than 30 years. As an independent, fee-only fiduciary, we're required by law to act in your best interest, not selling products or earning commissions. We explain your options in plain language and stay with you as your plan evolves.
Talk to Marc
If you're planning an IRA rollover and want to make sure you're doing it correctly, we'd welcome the conversation. Schedule a consultation to talk through your specific situation.
FAQs
Get your questions answered about our IRA rollovers.
Only one indirect, 60-day rollover between IRAs in any 12-month period, across all your IRAs combined. This limit doesn't apply to direct trustee-to-trustee transfers, which you can do as often as needed, or to rollovers from an employer plan like a 401(k).
No. Rollover amounts have no dollar cap, unlike annual IRA contributions, which are limited each year. Rolling over a large balance doesn't reduce your ability to make regular contributions.
The amount you didn't deposit in time becomes taxable income, and if you're under 59½, it may also trigger a 10% early withdrawal penalty. The IRS offers limited relief for certain hardships, but the safest approach is a direct transfer that avoids the deadline entirely.
No. Amounts that satisfy an RMD can't be rolled over. If you're already taking RMDs and want to roll over other funds, we help you sequence the transactions correctly.
