Taking a glucocorticoid medication (sometimes called corticosteroids) for treatment of inflammatory arthritis or other health problem may weaken your bones. This, in turn, can lead to osteoporosis. The good news is there are ways you can protect your bones while taking glucocorticoid medicine.
What are the differences between a Simple IRA and a Traditional IRA? A traditional IRA is set up by an individual on his or her own behalf to save for retirement, whereas a SIMPLE IRA is set up by a small business owner on behalf of an employee (including the owner if he or she is a sole proprietor).
The first is a rollover and the second is a transfer. The difference between the two is whether you take receipt of the money in the IRA. In a rollover, you cash out your IRA and have up to 60 days to put it into a new one or you pay penalties and taxes.