Get more! Sign up for PLANSPONSOR newsletters.
Products February 9, 2010
WMSI Expands Rollover Service to Include Roth IRAs
February 9, 2010 (PLANSPONSOR.com) - Wealth Management Systems Inc. (WMSI) now offers Roth IRAs to participants rolling over their retirement savings.
Reported by Rebecca Moore
Through WMSI’s IRA Marketplace, participants can open Roth IRAs online and coordinate the direct transfer of their savings to the provider of their choice, according to a news release.
A new rule, effective January 1, lowers the income limit for taxpayers to be eligible for a Roth IRA.
“Adding ROTH IRAs broadens the choices available to participants through our marketplace where they can access educational content, shop and compare different product offerings, and take advantage of a very effective rollover transaction process that can reduce time out of market,” said John Geli, Chief Executive Officer of WMSI, in the announcement.
More information is at http://www.wealthmsi.com.