When you find yourself transferring jobs or completing an IRA rollover transfer for some other reason, you’ll want to ensure that you understand the difference between a direct and indirect transfer before initiating any kind of funds transfer. Doing your research from the beginning will help you to avoid many of the common mistakes in IRA direct rollover that other investors fall victim to. (more…)
Posts Tagged ‘IRA Direct Rollover Process’
What is an IRA Direct Rollover?
Posted by admin on April 26th, 2010
In short, an IRA direct rollover is the movement of money from a retirement plan, like a 401k or profit sharing plan, to a Rollover IRA account. This is not the same as a distribution, where the account holder receives the account balance directly as cash. If that happens, the account holder may be subject to taxes, penalties and withholding on direct rollover. (more…)
Understanding the IRA Direct Rollover Process
Posted by admin on April 20th, 2010
IRA direct rollovers, in general, are the preferred way to move money from one retirement account to another, as a direct rollover will preserve the tax deferred status of your investments. However, you should be aware that there’s a clearly defined process for IRA direct rollover that you and the managers of your accounts must follow in order to successfully complete the rollover process. (more…)
