http://www.ira-direct-rollover.com/ira-direct-rollover/how-the-irs-defines-an-ira-direct-rollover/ Just another WordPress weblog Thu, 06 Oct 2011 20:37:44 -0700 hourly 1 http://www.ira-direct-rollover.com/ira-direct-rollover/how-the-irs-defines-an-ira-direct-rollover/comment-page-1/#comment-399 Boyd Thu, 06 Oct 2011 20:37:44 +0000 http://www.ira-direct-rollover.com/?p=47#comment-399 If a person is in retirement and has met their minimum distribution, can they take for instance: 1. A distribution (Loan) of 5k the first of Nov. and a distribution of 5k the last of Nov. so long as it is all paid back within the 60 days? (I believe it is called a “Direct Rollover”). If a person is in retirement and has met their minimum distribution, can they take for instance:
1. A distribution (Loan) of 5k the first of Nov. and a distribution of 5k the last of Nov. so long as it is all paid back within the 60 days?
(I believe it is called a “Direct Rollover”).

]]> http://www.ira-direct-rollover.com/ira-direct-rollover/how-the-irs-defines-an-ira-direct-rollover/comment-page-1/#comment-396 Luis Tue, 12 Apr 2011 17:52:25 +0000 http://www.ira-direct-rollover.com/?p=47#comment-396 A direct rollover is the movement of retirement funds directly from a qualified employer or goverment retirement plan to an IRA, or from an IRA to an qualified employer or government retirement plan. You cannot complete a direct rollover from an IRA to an IRA. What you described as a direct rollover is called a transfer, and as you stated the IRS does not take the differences between a direct rollover and a transfer lightly. A direct rollover is the movement of retirement funds directly from a qualified employer or goverment retirement plan to an IRA, or from an IRA to an qualified employer or government retirement plan. You cannot complete a direct rollover from an IRA to an IRA. What you described as a direct rollover is called a transfer, and as you stated the IRS does not take the differences between a direct rollover and a transfer lightly.

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