How to Rollover a 403(b) Plan to an IRA
Moving money from a 403(b) plan to a traditional IRA allows you to maintain the tax-sheltered growth of your retirement savings and also open up new investment options. With a 403(b) plan, you're...
View ArticleWhat Is a Trustee-to-Trustee in an IRA Rollover?
When you put money in an IRA, you don't have to keep the money at the same bank until you take withdrawals. For example, you might want to move your IRA to avoid high fees or poor performance, or just...
View ArticleIs It Necessary to Keep a Rollover IRA Separate From a Traditional IRA?
When you roll over a 401(k) or similar retirement account, you can put the money into any IRA you want. Except for IRA beneficiaries, there's no law that requires you keep rollover money out of an...
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Is There a Time Limit on a Direct Rollover From 401(k) to IRA?
A 401(k) is a retirement savings plan offered by employers. Both you and your employer can make contributions to these plans. If you leave your job, you can roll over your 401(k) funds into an...
View ArticleHow to Take Out a Cash Distribution From a Rollover IRA
If you're not happy with your IRA's performance, you can do more than just complain. You can roll over your assets from one IRA to another, or if you've left your job, you can roll over assets from a...
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The Time Limits for IRA or TSA Rollovers
If you're a schoolteacher or you work for a tax-exempt organization, your retirement savings options may include a 403(b) tax-sheltered annuity. A TSA lets you build your nest egg through elective...
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How to Add Money to an IRA Rollover
Your rollover individual retirement account doesn't just have to sit there. Once you've funneled money into a new IRA from another account, it's just like any other IRA. You're allowed to keep building...
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How Are Capital Gains and Losses in a 401(k) Rollover IRA Treated?
Many employers offer qualified retirement plans, such as 401(k)s, to their employees. You can roll your 401(k) money into an individual retirement account when you leave the job or reach age 59 1/2....
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Tax Consequences of Ineligible Rollovers to an IRA
Rolling money into an individual retirement arrangement helps you consolidate your existing retirement accounts and use a wider range of investments. However, making an ineligible rollover can cost you...
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How to Report an IRA Rollover on a Tax Return
The Internal Revenue Service will ding you with penalties and taxes if you take money out of your individual retirement account early. However, if you simply want to move your money from one IRA to...
View ArticleHow to Close a Rollover IRA Account
You can always roll money from one retirement account into an individual retirement account. Closing one is just a matter of completing some paperwork and possibly paying a fee. You also have to tell...
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How Many IRA Rollovers Can You Do in a Year?
Rolling one IRA into another sounds like a great plan, especially if tax savings ensue. The Internal Revenue Service, however, has placed a limit on how many rollovers you can do in a year. You can...
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How to Make Deductible Contributions to a Rollover IRA
A rollover individual retirement account (IRA) isn't a specific type of IRA. Instead, it just refers to an IRA that you have rolled money into from another qualified retirement plan, such as a 401(k)...
View ArticleRollover IRA Vs. Simple IRA
You contributed money to an Individual Retirement Agreement a few years ago, but economic conditions have changed. Now you see an opportunity to earn more in an IRA with a different financial...
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Can I Use My Rollover IRA to Finance My Son's College Education?
With the cost of college rising, you may need to tap into your retirement savings to help your children make it through. While tapping your nest egg isn't ideal, tapping a rollover IRA for college...
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IRA Direct Rollover Vs. Transfer
When it comes time to move money from one retirement plan to another, you can choose from a couple of ways to go about it without incurring regular income taxes and a 10 percent tax penalty. Any...
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Rules & Regulations Regarding IRA Rollovers & Transfers
When you set up an Individual Retirement Arrangement you typically shop around for the best performing mutual fund, the certificate of deposit with the highest yield or the broker who seems to offer...
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When Are the Taxes Payable on a Rollover IRA Distribution?
Rolling over funds to an IRA helps consolidate your retirement assets, widen your investment options and even reduce your fees. However, taking a distribution from another retirement account to roll...
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