A tax-free reinvestment of a distribution from a qualified retirement plan into...
A tax law provision permitting a person who terminates employment and who receives a lump-sum distribution of pension benefits 60 days to reinvest that money in an IRA.
same as rollover
a way to reposition one IRA to another IRA account and defer taxation. ife Expectancy Retirement Option (LERO): the method of calculating the minimum distribution which must be made each year from a qualified annuity in order to satisfy IRS requirements after age 70 1/2.
a special Individual Retirement Account in which you deposit or
a tax-free transfer of funds from a tax-deferred plan,
An option that allows you to transfer your money from a qualified retirement plan directly to an IRA. You never come into direct contact with the money and it is reportable, but not taxable. The annuitant can avoid having taxes taken out of the eligible distribution by choosing the direct rollover option.
The reinvestment of assets an individual receives as a lump-sum distribution from a qualified tax-deferred retirement plan. The individual may reinvest either the entire lump-sum or a portion of that sum.
A rollover IRA is specifically designed as a tax-deferred investment account for assets accumulated in employer-sponsored retirement plans such as 401(k), profit sharing or Keogh plans. Typically, plan assets will be rolled directly into a rollover IRA when an individual retires or changes employers, thus avoiding any current tax liabilities while retaining the advantage of tax-deferred grow on the assets.
An account used to transfer retirement funds currently being held in a company retirement plan where taxes continue to be deferred. Simply stated, the funds are "rolled" from their current plan into an IRA rollover account. There are restrictions as to when and how you can withdraw or transfer these funds without penalties or taxes.
The reinvestment of assets received as a lump-sum distribution from a qualified tax-deferred retirement plan. Reinvestment may be the entire lump sum or a portion thereof. If reinvestment is done within 60 days, there are no tax consequences.
A tax-free transfer of funds from one individual retirement account (IRA) to another.