A tax-free reinvestment of a distribution from a qualified retirement plan into an IRA or other qualified plan within a specific time frame, usually 60 days. These transfers can happen when leaving a job at an employer who offered a retirement plan such as a 401(k) plan. The company can issue a check for the amount minus 20% in withheld taxes. To avoid this penalty, the IRA rollover must be done trustee to trustee, meaning that the check is made out to the new trustee or custodian of the IRA rollover. The company will provide the check and the participant must deposit the check into the new account within 60 days. also called rollover.
Related information about IRA rollover:
- IRA Rollover Definition | Investopedia
A transfer of funds from a retirement account into a Traditional IRA or a Roth IRA. This can occur either through a direct transfer or by a check, which the ...
- Common IRA Rollover Mistakes
Nov 19, 2011 ... Avoid paying excess taxes by learning some simple transfer rules.
- 401k / IRA Rollover FAQs and Answers - Wells Fargo Retirement
Rollover IRA Frequently Asked Questions. Learn what a Rollover IRA is, how you can take money out, and much more.
- Rollover IRA - What Is an IRA Rollover?
Aug 31, 2011 ... Read this article to learn about the different types of rollovers, the right way to make them, and the rules you must follow to stay out of trouble.
- rollover chart
ROLLOVER CHART. 6/7/2011. Roll To. Roth IRA. IRA. (traditional). SIMPLE. IRA. SEP-IRA. 457(b). (government). Qualified. Plan 1. (pre-tax). 403(b). (pre-tax) ...
- 401(k) Rollover to IRA: What is it and How does it work?
Apr 25, 2011 ... I have a question in regards to 401K to IRA rollover OR complete 401K withdrawal in case of a company international transfer. I was with this ...
- Open Rollover IRA | 401k Rollover | Charles Schwab
Rolling your 401(k) or other employer-sponsored plan into a Schwab rollover IRA is an easy way to take control of your retirement savings.
- IRAs - Individual Retirement Accounts - Fidelity
IRAs are designed for retirement savings and offer tax-advantages over other kinds of investment accounts. All Fidelity IRAs are No-Fee IRAs.