by webmaster | Sep 30, 2021 | Can I Rollover My Existing IRA?
There are many reasons why you might want to move your retirement funds from one institution to another, through an IRA to IRA rollover, including better service, increased investment options, and enhanced returns. If you have a number of IRAs, you can rollover funds...
by webmaster | Sep 30, 2021 | Can I Rollover My Existing IRA?
If you want to make a tax free rollover, you must complete the rollover within 60 days of receiving the funds in question from the existing IRA. It is important to note that the window is sixty days and not 2 months. If you fail to complete the rollover, the...
by webmaster | Sep 30, 2021 | Can I Rollover My Existing IRA?
Once you distribute the assets of one IRA and then rollover a portion of those assets to another IRA, you cannot make another tax free rollover for a year. However, this rule does not apply if you want to rollover eligible funds from an employer’s plan. This therefore...
by webmaster | Sep 30, 2021 | Can I Rollover My Existing IRA?
You cannot take the assets from your existing IRA and then use them to purchase other assets and then purport to rollover those new assets into the same or new IRA. Simply put, for any rollover to stand, it must be made up of the same assets/property. Any portion of...
by webmaster | Sep 30, 2021 | Can I Rollover My Existing IRA?
Last but not least, you cannot rollover your Required Minimum Distribution (RDM), if your age has surpassed the 72 year limit. Even though you can rollover your IRA at any age, a rollover involving the RDM would be considered to be an excess contribution.
by webmaster | Sep 30, 2021 | Can I Rollover My Existing IRA?
After reading the above, you should have a clear answer as to when you can, or cannot, rollover your existing IRA.
