When it comes to moving funds out of your IRA and into another, the question isn’t, “Why choose an IRA direct rollover?” but instead, “Why would you choose anything BUT an IRA direct rollover?” Doing otherwise has the potential to cause great confusion, not to mention open the door to a lot of potential tax problems. That’s because, in the eyes of the IRS, a direct IRA rollover transfer is vastly different from any other kind of IRA funds transfer. And when you’re dealing with the IRS, it pays to be precise with your terminology. (more…)