60 Day IRA Rollover Rules
The IRA rollover is an important tool, whether you're consolidating accounts or transferring savings from a 401(k) or other retirement plan. It can even be used to give yourself a short-term loan. Plan...
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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...
View ArticleHow to Rollover an IRA Into Another Account
Prior to 2001, a traditional IRA holder could only roll, or convert, assets into another IRA. He could not roll them into an employer-sponsored plan, like a 401(k), for example. The Economic Growth and...
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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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Roth Vs. Traditional Vs. Rollover IRA
Roth IRAs, traditional IRAs and rollover IRAs are three of the most common types of individual retirement accounts. All provide tax benefits, but the differences between the accounts lie in the...
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How to Cash Out a 401(k) Instead of Rolling Over
Even the best laid financial plans can go awry, but you can tap into your retirement savings from your former employer to cover unexpected emergencies. You can cash out your 401(k) once you no longer...
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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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