Rollover
A rollover is the process of transferring funds and assets from one retirement account to another avoiding tax implications. This strategy is favorable when you are moving companies, or changing financial planners. The assets rolled-over must be re-contributed to the receiving retirement account within 60 days after distribution. Tax forms must represent this rollover, specifically IRS form 5498, and IRS form 1099-R.
- Part of Speech: proper noun
- Industry/Domain: Financial services
- Category: Personal investment management
0
Creator
- Timmwilson
- 100% positive feedback
(Beijing, China)