The movement of a tax-deferred retirement assets from one plan or custodian directly to another. A direct transfer is not a withdrawal and does not incur any taxes or penalties. see also transfer.
a tax-free transfer of qualified funds from one custodian to another custodian. xclusion Ratio: the ratio of the tax excludable portion of an annuity payment to the total annuity payment (always non-qualified funds only). ixed Annuity: an annuity contract with a guaranteed and projected rate of interest; a current life insurance license is all that is required to sell a fixed annuity.
Occurs when the taxable portion of a retirement account is paid directly to another qualified plan or IRA. A direct transfer is not subject to tax withholding.
an immediate money transfer that may only be received at one specific point-of-service indicated by the sender
a transfer of your retirement funds into another qualified retirement plan (your new employer's qualified plan or an IRA)
a way of moving funds from one TSA to another TSA, and a direct rollover is a way to roll distributable amounts from a TSA to an IRA without actually taking possession of the distribution
Movement of retirement funds from one qualified retirement plan directly to another qualified plan without the owner taking possession of the funds.
Money moves directly from one IRA to another IRA. The client never receives the IRA money or the money moves from a non-IRA qualified plan to the same type of plan at another institution.
a distribution to an employee made in the form of a direct trustee-to-trustee transfer from a qualified retirement plan to an eligible retirement plan.
A method to move funds from one individual retirement account or Keogh plan to another. You can also use this method to move money from a company retirement plan to an IRA. With a direct transfer, you order one sponsor to transfer the money directly to your new IRA; you do not take possession of the funds. There is no limit on the number of times you can move your money via direct transfer. However, if you take possession of the funds and personally deposit them in the new IRA, the switch is considered a rollover. You can use the rollover method only once each year for each IRA account you own. The direct transfer method must be used to move funds from a company retirement plan to an IRA, or else 20% of the money withdrawn from the company plan will be withheld for the IRS, even if no taxes are due.
